The Civil Aviation Authority’s (CAA) approach to financial assessments largely depends on the size of the ATOL licence required. As the licence size increases, so does the potential exposure to the Air Travel Trust Fund. Therefore, the CAA requires larger businesses to provide more financial information than smaller ones. This diagram demonstrates the commonly requested information needed by the CAA for September 2020 renewals. It takes into account the additional information required due to Covid-19.
If you need any help applying for an ATOL licence, or have any questions about the process, please get in touch.
If you enjoyed this post, why not sign-up to our newsletter? Get our latest blog posts, industry updates and exclusive content. Join our mailing list here.
The COVID-19 crisis is rapidly evolving and the Government's response and the details of support on offer are continuously changing. We'll be updating our posts regularly to ensure our analysis and advice remains as accurate and useful as possible. To receive the very latest information as we release it follow us on LinkedIn. If you have any questions in the meantime, please get in touch.