The European Travel Agents’ and Tour Operators’ Association (ECTAA) has called for urgent, mandatory airline insolvency protection in Europe following the recent bankruptcy of Air Belgium (KF, Brussels Charleroi), which left EUR8 million euros (USD9 million) in unpaid passenger refunds, including more than EUR5 million (USD5.6 million) sold through travel agents and tour operators.

Air Belgium ceased passenger operations in September 2023 to focus on cargo and aircraft leasing. It subsequently entered judicial…

Source: ch aviation
Read more: Air Belgium bankruptcy resulted in mn unpaid pax refunds