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So far this year, eleven package travel companies have gone bankrupt due to the situation of the crown. Without a state guarantee, the Travel Guarantee Fund believes that things can go much worse, writes Dagens Næringsliv.
The EU package travel directive requires these companies to be able to provide a guarantee to the fund that ensures consumers get their money back for prepaid travel in the event of bankruptcy.
Asked for clarification
In September, the Swedish insurance company Nordic Guarantee terminated almost all guarantees in the Nordic region. It affected 63 members of the Travel Guarantee Fund. They cannot sell tour packages after December 1 of this year if they cannot provide a new guarantee.
In a letter to the Ministry of Children and Family Affairs, the fund requests, among other things, clarification on whether the state will act as guarantor until 2022, and estimates that total guarantees of around NOK 1 billion are needed.
– It is a challenge to use the resources of society to establish financial measures to prevent this in a situation that is more lasting than expected and possibly generates lasting changes in consumer preferences, the Minister of Commerce and Industry Iselin Nybø (V ) responded to questions from MP Åsunn Lyngedal (Labor Party) earlier this fall.
New question about warranty
On Sunday, Lyngedal asked Nybø a new question, referring to the letter the fund sent on September 18.
“How has the letter affected the Minister’s assessment of withholding NOK 400 of the NOK 500 million in subsidies to package travel companies adopted by the Storting in the revised state budget and the assessment that the state guarantee scheme could not contribute to the guarantees of the Travel Guarantee Fund? ” to the Minister of Commerce and Industry.
Lyngedal refers to the minister’s response on October 22, in which she rejects the need for the state to help tour operators provide a guarantee to the fund, noting that this is in contrast to the letter.
