Source: European Parliament
The insolvency of the travel operator Thomas Cook has clearly demonstrated that insolvency protection is inadequate. The assistance provided by the German Federal Government has protected many holidaymakers against major losses but there are nonetheless not only many holidaymakers, but also many Thomas Cook contractors who have sustained considerable losses. The EU’s Package Travel Directive (2015/2302) has proved to be inadequate.
1 Does the Commission see a need for action in this area in order to prevent problems similar to those described above or at least cushion the impact they have?
2 Does the Commission have plans to amend the Package Travel Directive?