Travel World International (TWI), which specialised in holidays to northern Cyprus, has become the second tour operator within a week to go bust.
The independent tour operator, which traded as Jewels of the World, has 500 holidaymakers currently abroad, with many others waiting at home to go on their summer holidays.
As with Tapestry Holidays, which folded last week, TWI had a £1m bond under the Air Travel Organiser’s Licence (Atol) protection scheme which means that the Civil Aviation Authority (CAA) has been able to step in and ensure that holidaymakers can finish their holiday and return to the UK without paying extra. Those with forward bookings can also look forward to a full refund.
August often sees tour operators going bust because they know at that point how successful their year has been, as the booking peak is over.
Which? has campaigned, along with the CAA, for the Atol scheme to be extended to scheduled airlines, such as no-frills airlines, but the government has so far rejected the proposal.
If you’re due to travel on a TWI air holiday you should submit a claim form to the CAA. Forms are available on the Atol website. If you have a flight-only booking, you may still be able to travel – check with the airline you’re booked with.