Claims totalling €3.8m made over Lowcostholidays collapse
Travel Agents are calling on the government to meet with them to discuss compensation for those who lost out when Lowcostholidays folded.
So far 4,200 Irish customers have made claims to the Commission for Aviation Regulation, for a total of €3.8m.
Lowcostholidays only paid €80,000 into a compensation fund, so the money will need to be found elsewhere - from the Travellers Protection Fund.
The Irish Travel Agents Association is calling for travel agents to be required to pay into a collective pool that could be used to refund customers who lose out if an agent becomes defunct.