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BUSINESS NEWS


The CAA’s Paul Smith says: ‘Variable levels of APC are potentially one way of pricing risk differently’


CAA’s plan for risk-based Atols may vary APC rates


The CAA intends to introduce “risk pricing” to Atol licensing which could mean variable levels of Atol Protection Contribution (APC) for Atol-holders. An industry consultation will


Abta warns proposal would mean ‘extra costs’ for Atol-holders. Ian Taylor reports Atol-holders are


FUTURE SPRING FORUM


In partnership with


currently charged a flat rate of £2.50 APC per passenger. CAA group director of consumers and markets


outline the CAA’s “direction of travel” for addressing “the level of risk” attached to operating without trust arrangements. Abta warned the proposed changes would “lead to additional costs” for many businesses.


40 18 MARCH 2021


Paul Smith confirmed the move in a Travel Weekly Future of Travel webcast, saying: “There is a lot of discussion about the merits of trust funds, and there are plenty of merits. “There may also be good reasons


for other business models. But if those business models are imposing a certain level of risk, is that adequately


accounted for? Is there sufficient recognition of the risks that different business models impose?” He explained: “The consultation is


going to set out how we want to look at these issues and how we think about better pricing of the risk imposed.” Smith insisted: “This is not to


force people into a particular business model.” But he said variable rates of APC


Continued on page 38 travelweekly.co.uk


BUSINESSNEWS


PICTURE: Tim Anderson


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