Germany will secure travelers buying package tours via a fund to which tour operators will make contributions, Justice Ministry says in a statement.
- Tour operators will also provide a guarantee that can be used in case of insolvency to reimburse clients
- Separately, 60,000 clients of Thomas-Cook tour operator have already applied for state aid, Tagesspiegel reports
- NOTE, June 9:
Germany Plans Fund to Help Tour Operator Clients: Tagesspiegel
To contact the reporter on this story:
To contact the editor responsible for this story:
© 2020 Bloomberg L.P. All rights reserved. ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.