BBC NEWS | UK | Flight protection levy suggested (amongst other reports & attempts to cover all contingencies)

BBC NEWS UK Flight protection levy suggested: "Flight protection levy suggested

MPs say a new scheme could cost up to two pounds per ticket
Air travellers could pay up to �2 extra per ticket under proposals for a new scheme to prevent them being stranded if an airline collapses."  
 

CAA'>http://www.travelmole.com/news_detail.php?news_id=101056">CAA urges Government to close protection loophole - 20-Jul-04.: "Any change in the law could take years to be passed, so the CAA is asking the Government to consider interim measures that could be implemented by airlines on a voluntary basis.
These include carriers arranging for packages to be sold through an ATOL holder and selling improved insurance which covers airline failure. Both ABTA and the Federation of Tour Operators welcomed the CAA move.