Scheduled Airline Failure Cover is a specific insurance policy to cover you against airlines that cease operational services due to financial failure. In the current climate more recognised scheduled airlines are posting huge losses leaving the aviation industry in turmoil. No doubt the current economic climate has been a major contributing factor as well as the high cost of oil.
According to news reports, twelve airlines collapsed in 2007, the lowest in many years. In 2008 over twenty airlines collapsed, including the UK's third largest tour operator, XL Leisure Group Plc (which entered administration in September 2008, leaving thousands of people stranded). At the time the U.K.'s Civil Aviation Administration said that as many as 89,000 people could be stranded overseas with another 200,000 holding advanced bookings with the privately held company and its units.
For peace of mind it makes sense to get covered with Jetsafe and with 365 days cover from as little as £9.99 , this is a small price to pay when you consider your cover allows for mulitple trips throughout the year.
For an example of the Jetsafe Scheduled Airline Failure Cover Policy click here
If you require assistance please send us an email using the contact us form on the Contact page or feel free to telephone customer services on 0844 980 0271.
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Jetsafe is a trading name of Insure For Travel Limited who is authorised and regulated by the Financial Services Authority, registration number 458950.
