A FORMER tour operator has been ordered to pay back
£234,573 to the Air Travel Trust fund after it overtraded on its ATOL and then
failed.
The Trust had to bail out claims for London-based
Dayrise Holidays to the tune of £204,605 when it failed in September 1998
without a sufficient bond to cover all claims.
The Civil Aviation Authority took the matter to court,
claiming Dayrise had overtraded on its licence. Former Dayrise director
Vassilis Kettiros was ordered to reimburse the fund, including costs and
interests. An appeal on the judgement was thrown out in June.
Deputy director of the CAA’s consumer protection group
David Moesli said: “We’re pleased to have obtained this judgement for
the Trust and we’ll now be seeking to enforce it to
recover the Trust’s payments.”