The European Commission authorised on Friday 31 July a German support of €840 million to cover vouchers issued by travel operators for package holidays booked before 8 March 2020 which have been cancelled.
In Germany, at the end of April, package holidays totalling €6 billion booked before 8 March were still unresolved. For a large part of the cancelled reservations, the operators refunded the customers. Nevertheless, they will have to issue secured vouchers for a total amount of...