Fleetway Travel Currently Under Administration14/07/2020
Holiday firm Fleetway Travel has ceased trading and gone into administration after 45 years in business. It happens UK travel abroad resume after Covid-19.
The travel firm has operations in London and Sheffield, and employs around 62 staff. It also traded under the names of Exclusive Luxury Breaks, Explorer’s Collection, Late Bargains, Luxury Holiday Collection, Phone & Fly, Sail Away, Silversurfers Holidays and Travelsmart.
According to the CAA, no travellers are abroad at this time and there are approximately 6,500 affected Atol-protected bookings will get a refund.
Andy Cohen, head of Atol, said: “We understand this will be concerning news for anyone who has booked to travel with the company or has had their booking cancelled. It is a sad day for the industry when a long-established business like Fleetway ceases trading.
“However, the Atol scheme exists for exactly this kind of situation and we are making arrangements so all Atol protected customers may make a claim.”
Stuart Jackson, chief executive of Fleetway, said: “It is with immense sadness that, despite our best efforts, we have been unable to overcome the tremendous hurdles placed in front of us.
“We have worked tirelessly to find solutions to save the company and jobs for our loyal employees that have served our 60,000 customers annually.
“However, it is immensely disappointing that the required funding or investment could not be secured to get us through this unprecedented crisis and save Fleetway Travel.”
Fleetway Travel have experienced cash flow pressures because of the impact of Covid-19. As a result of the worldwide travel bans, the company has experienced cessation in new bookings and suffered cancellations across all destinations.
Meanwhile, the company has said all holidays departing on or after September 1, 2020 are now cancelled. It will no longer accept any new bookings or re-bookings.
The company in a statement, “We would like to say a huge thank you to all of our wonderful agent partners.
“While the Funway journey is coming to a close, we hope all of our partners emerge from this crisis and enjoy a most prosperous future.”
It assures customers that all Refund Credit Notes will be paid in cash. This including all deposits or payments received on live bookings will be refunded in full.
Additionally, you will find the differences between ATOL or ABTA in the event of a company ceased trading.