TICO’s Board of Directors have approved payment of $3,089.72 to assist two consumers who did not receive the travel services for which they had paid. The payment was due to the failure of Transaero Airlines in Moscow.
The money comes from the Ontario Travel Industry Compensation Fund, which is wholly-financed by the industry to protect consumers who do not receive the travel services for which they paid, due to the insolvency or bankruptcy of an Ontario registered travel agency or travel wholesaler or due to the cessation of an end supplier airline or cruise line.
The Fund only covers consumers who have booked through an Ontario registered travel agent.
Bruce Parkinson Editor-in-Chief
An observer and analyst of the Canadian and international travel industries for over 25 years, Bruce uses the pre-dawn hours to prepare a daily news and information package to keep industry members up to date.