Planning security for group travel
2011-12-19
Is it possible to safeguard aircraft charters against insolvency?
The weak economy, ticket taxes and the obligation to participate in emissions trading as of 2012 is hitting European airlines in particular very hard. Time and again, companies are finding themselves at the centre of media attention due to financial problems. Especially for something like an aircraft charter, when large sums of money are normally paid out in advance, this can lead to uncertainty. How can you protect yourself from losing money if flights are cancelled?
Aircraft charters can be used for a variety of purposes. For example, when groups travel to events, or to fly experts between a company’s different locations. And if you hire a whole plane, you normally have to pay in advance. In economically turbulent times, this can be very nerve-wracking for some customers.
What happens if the airline files for bankruptcy? “Make sure your flight provider offers sufficient guarantee,” recommends Armin Truger, Managing Director of the globally active Pro Sky AG. His company conducts detailed analyses of airlines and classifies them according to its own rating system, the Pro Sky Quality Score. “If an airline has a good track record as far as creditworthiness, corporate structure and accident statistics are concerned, we give our customers a sound guarantee,” he explains.
In the event of an airline going bankrupt, Pro Sky jumps in with up to 100,000 euros per flight and immediately provides an adequate replacement. Other providers have nothing to offer in situations like this, or charge extra for this kind of security. “Ask your flight provider about their guarantees and don’t accept any fees they might charge without comparing prices and services,” is the advice Armin Truger gives airline charter customers before they head off.
Aircraft charters can be used for a variety of purposes. For example, when groups travel to events, or to fly experts between a company’s different locations. And if you hire a whole plane, you normally have to pay in advance. In economically turbulent times, this can be very nerve-wracking for some customers.
What happens if the airline files for bankruptcy? “Make sure your flight provider offers sufficient guarantee,” recommends Armin Truger, Managing Director of the globally active Pro Sky AG. His company conducts detailed analyses of airlines and classifies them according to its own rating system, the Pro Sky Quality Score. “If an airline has a good track record as far as creditworthiness, corporate structure and accident statistics are concerned, we give our customers a sound guarantee,” he explains.
In the event of an airline going bankrupt, Pro Sky jumps in with up to 100,000 euros per flight and immediately provides an adequate replacement. Other providers have nothing to offer in situations like this, or charge extra for this kind of security. “Ask your flight provider about their guarantees and don’t accept any fees they might charge without comparing prices and services,” is the advice Armin Truger gives airline charter customers before they head off.