Proposed changes will look at new approaches that would reduce the risk posed to consumers should any individual travel business cease to trade, the CAA said.
The UK Civil Aviation Authority has confirmed that, of the 742 ATOL licences that expired in March, 554 have been renewed. A further 89 still in the process.
The scheme was due to expire at the end of March, with the latest decision to provide a short-term extension coming in the wake of continued disruption to the travel sector.
This means that consumers whose package holiday bookings are cancelled will be able to safely accept a refund credit note - where it is suitable for them.
ATOL protection for refund credit notes originally applied to those issued between March and September, and later extended to the end of the year.
Alpine Elements has begun a restructuring process, with ATOL publishing advice on the next steps for passengers booked to travel. Around 1,000 trips were planned with the company, which is based in Wimbledon.
In July, the ATOL scheme announced, following confirmation from the department for transport, that refund credit notes issued for cancelled bookings as a result of Covid-19 would be protected.
The UK Civil Aviation Authority has revealed that of the 1,261 ATOL licences that expired at the end of September, 995 have been renewed. There are a further 90 still in the process in renewal.
The company also traded under the names of Exclusive Luxury Breaks, Explorer’s Collection, Late Bargains, Luxury Holiday Collection, Phone & Fly, Sail Away, Silversurfers Holidays and Travelsmart.
The announcement comes after it was confirmed the ATOL renewal would be extended until April 28th due to the unprecedented events arising from Covid-19.
While the claims system is open for new claims until September this year, the CAA encouraged anyone who has not yet opened a claim to do so as soon as possible.