Nine organisations representing European consumers, industry and insurers called on the European Commission, in a joint statement on Wednesday 7 December, to propose “as a matter of urgency” a mandatory insolvency protection scheme for airlines and businesses.
The signatory organisations recall that 87 bankruptcies were recorded between 2011 and 2019, affecting some 5.6 million consumers. For each airline bankruptcy, the signatories add, consumers lose an average of €431 and 87% of...