Tapestry Holidays, which operated package holidays to Croatia, Greece and Turkey has gone bust.
The independent tour operator, which came fifth in the last Holiday Which? tour operator poll, has 1,500 customers on holiday abroad at present with thousands more left at home with their holiday dreams in tatters.
Fortunately, as Tapestry had a £1.7 million bond under the ATOL protection scheme, it means that the Civil Aviation Authority (CAA) has been able to step in and ensure holidaymakers can finish their holiday and return to the UK without extra cost.
Those with forward bookings can also look forward to a full refund.
Which? travel spokesman, Bob Tolliday, said: ‘This proves once again the value of the ATOL-scheme and the makes the government’s failure to extend the scheme to include scheduled airlines even more baffling.’
If you are due to travel on a Tapestry air holiday you should submit a claim form to the CAA. Forms are available on the ATOL website.
Find out more about what to do if your travel company goes bust.