If you are currently licensed by the Irish Aviation Authority (IAA) and have revenue for packages/LTAs not covered by your licence e.g. travel packages commencing in Spain, you will need to inform your contact in the IAA what the exposure is and arrange insurance cover for that exposure.
If you are not licensed by the IAA and have revenue for packages/LTAs that should be covered with insolvency protection please email email@example.com and the team will send you out a form to complete and return, along with a copy of your insolvency protection.
What insolvency protection arrangements do I need to put in place?
- Travel only commencing in Ireland if I am a travel agent or tour operator:
As per Tour Operators and Travel Agents (Bonding) Regulations, 1983 and Transport (Tour Operators and Travel Agents) Act 1982. This must be licensed.
- Packages with travel commencing in Ireland:
An Irish established business can choose to cover this under their bond as per the 1982 Act above or they can choose to cover it under 22-25 of the Package Holidays and Travel Trade Act, 1995. Currently, the IAA is accepting full indemnity insurance as per option c of Section 23. This is until new bonding regulations are in place.
- Packages/LTAs for sale or sold in the EU (excluding packages commencing in Ireland):
As per Section 22-25 of the Package Holidays and Travel Trade Act, 1995. Currently, the IAA is accepting full indemnity insurance as per option c of Section 23. This is until new bonding regulations are in place.