Feds considering airline insurance fund.
Mar 29, 2005 | 4:43 am
#1
Original Poster
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Join Date: Mar 2000
Location: Southern Alberta
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Feds considering airline insurance fund.
"The federal government is considering creating a new layer of protection -- including an industry-financed "insurance" fund -- for consumers who lose money when airlines go out of business, after tens of thousands of passengers were left holding tickets for Jetsgo Corp. flights that never left the ground." G&M
http://www.theglobeandmail.com/servl...ery=air+canada
http://www.theglobeandmail.com/servl...ery=air+canada
Mar 29, 2005 | 5:23 am
#2
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Join Date: Sep 1999
Location: Toronto, Ontario, Canada
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And of course that's going to add another "fee" to our tickets of $5 t0 $10! And all for what? Nobody took a bath from JetsGo in that the credit card companies have agreed to erase/refund any unused tickets, and in order to buy a ticket on the JetsGo website, one had to use a credit card. And anyone using a TA would either be covered by their insurance program or the credit card companies. [Actually, we are all paying for this "protection" already because the credit card companies will pass the additional costs along to us in keeping interest rates high or adding another buck or two to the annual fees we pay!]
Mar 29, 2005 | 8:06 am
#4
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Join Date: Jan 2005
Location: VCE
Posts: 14,165
This is...government overkill- probably someones idea as a way to show they are "really doing something about thsoe airlines". How about a simple education campaign- a simple brochure and a previso that if you buy a ticket for cash you must sign a waiver recognizing the risks- done, finished, minimal costs.