Air Travel Trust
The Air Travel Trust Fund (“ATT”) is the primary source of funding when an ATOL holder fails. Monies from the ATT are used to meet refund and repatriation costs arising from a failure.
The Fund is administered on behalf of the ATT Trustees by the Consumer and Markets Group of the Civil Aviation Authority.
The ATT is principally funded by ATOL Protection Contributions (usually known as APCs). It is a legal requirement for ATOL licence holders to pay APCs to the ATT for each person who books air travel covered by the ATOL financial protection scheme.