Travel Trust Association providing financial security for you In
2001 Magic Carpet Travel was awarded membership of the Travel Trust
Association (TTA). The TTA is designed to provide consumers with
financial protection that complies with the EC Directive on Package
Holidays Regulations and the ATOL regulations. All funds paid by
consumers are placed in a trust account and therefore, if Magic
Carpet Travel were to fail financially, the trust account will either
pay for your holiday as planned or provide you with a full refund.
The scheme that we operate is a Trust Account backed by a fidelity
insurance, which covers each passenger up to £11,000. The insurance
is underwritten by AIG Europe Ltd, members of the American International
Inc. Group who have assets exceeding US$100 billion.
When flights are supplied by Magic Carpet Travel, they act as agents
of an ATOL holder who are bonded by the CAA for your financial protection.
Other payments are made to Magic Carpet Travel Ltd. Trust Account
and credited only on completion of the tour.
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