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Cruise Control failure cost ABTA £2.7m

A YEAR on from the collapse of Cruise Control a clearer picture is emerging of the scale of the largest travel firm failure in the last 15 years.

ABTA says the collapse of the discount cruise warehouse, which employed 330 staff at its Essex call centre, cost it £2.7 million, with much of the rest of the liabilities met by credit card companies and the Civil Aviation Authority.

Non-ABTA creditors like Norwegian Cruise Line and Royal Caribbean International were forced to honour bookings, unlike Cruise Control’s main creditor Carnival UK, P&O Cruises’ owner.

Cruise Control was estimated to have collapsed owing £8 million and had just a £1.46 million bond with the CAA and £1.3 million with ABTA.

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