When applying directly with the CAA for a Small Business ATOL, you will get an ATOL that allows you to only sell up to 500 flight tickets per year. You will also be required to have a minimum of £30,000 ordinary share capital, a £50,000 bond, and pay an application fee of £1,161.00.
PTS offer a Small Business ATOL that allows you to see 1000 flights per year without the need for either a minimum share capital or bonding. The PTS ATOL costs just £721.00 and PTS will assist you every step of the way in completing the application process with the CAA.
Once your ATOL has been approved, PTS have a £25.00 per month fee for your ATOL.
The ATT is principally funded by ATOL Protection Contributions (APC). The Civil Aviation (Contributions to the Air Travel Trust) Regulations 2007 enable the ATT to collect APCs from ATOL Holders for each person who books air travel covered by an ATOL. The APC is £2.50 per passenger.
Call 020 7190 9988 to discuss your business requirements.
When you are trading in the travel industry and require flights as part of your packages or to sell flights as a stand-alone product, then you are legally required to hold your own ATOL license.
ATOL – Air Travel Organiser’s License. An ATOL certificate ensures that consumer’s money is safe whilst travelling with flights and all travel companies are legally required to have ATOL protection to sell consumers flights. Most tour operators consider ATOL too expensive to attain when starting a travel business but by joining Protected Trust Services the ATOL application fee is simply £721. The PTS trust account solution functions as financial protection and as such it takes the place of the large bond that the CAA generally require for an ATOL license application.
The ATOL stamp and logo is one of the most trusted brands in the travel industry. As such, it holds great value to potential clients and can sway clients to choose your travel business to book their holiday with. When an ATOL application is processed through PTS the applicant company will receive its own ATOL membership number alongside its own PTS number.
Start-Up tour operators joining PTS can add ATOL at any time, ATOL application does not need to be processed at the initial sign-up point. A smaller travel company may choose to add ATOL in year 2 or year 3 of trading and the PTS Team will support each PTS member to work in alignment with each individual business plan. The small ATOL application fee offered to PTS members is a great benefit and is an integral part of the whole travel business solution PTS has developed. Some tour operators and travel agents may make the commercial decision not to sell flights and this is quite common.
If the travel company is not selling flights at any time then an ATOL is not required, purely PTS membership will suffice to be compliant with EU package regulation laws.
PTS are pleased to offer one of the most cost effective solutions to you and your travel business in the industry.
Call 020 7190 9988 to discuss your business requirements or send us an email – email@example.com