STA Travel UK ceases trading after 50 years
Topics: STA TRAVEL UK
The majority of holidays it sold were flight inclusive packages, protected by the CAA's ATOL scheme, as well as scheduled airline tickets under its IATA licence and as agent for the airline.
STA Travel also sold some packages which did not include flights and were protected by ABTA as well as holidays as an agent for other tour operators.
It also booked some corporate travel, which was sold under a general agreement and there was no requirement to financially protect these sales.
ABTA said corporate customers should contact the provider of the travel service such as the airline regarding their booking.
STA issued a statement saying: "The global impact of the coronavirus pandemic has brought the travel industry to a standstill. Over recent months, we have taken decisive measures to secure the business beyond Covid-19.
"However, sales have not picked up as anticipated due to consumer uncertainties, further restrictions and renewed lock-down measures, which are expected to largely continue into 2021.
"This week, it was announced that STA Travel's Swiss parent company, STA Travel Holdings AG, had filed for insolvency. Today, as a result of that decision, and upon reviewing the UK business, we have been left with no choice but to cease trading with immediate effect." ■