Tens of thousands of holidaymakers bound for Turkey saw their plans thrown into disarray today when specialist tour operator Holidays 4 UK ceased trading.
Around 13,000 of the Sussex-based company's customers were already in Turkey.
The firm, which traded as Holidays 4 U and Aegean Flights, had taken 20,000 or so forward bookings, but many of those will have been for more than one person, suggesting that the number left looking for refunds could be upwards of 40,000.
It is unusual for a tour operator to go under slap in the middle of the peak summer holiday season. The collapse is a symptom of the current, severe difficulties facing the travel industry with many consumers, nervous about the impact of the economic downturn on their jobs and finances, reluctant to splash out on holidays.
Customers now abroad should all be able to finish their holidays as planned. The Civil Aviation Authority will arrange for them to fly home. Those still due to go will get their money back from the Air Travel Trust Fund, set up through a levy on package holidays.
For further information customers can go to the CAA website at www.caa.co.uk
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