Travel Insurance Consultants Reinstate SAA Insolvency Cover

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South African Airways (SAA) on Friday announced that Travel Insurance Consultants (TIC) have reinstated the travel supplier insolvency cover on the airline. This milestone represents a significant step forward for SAA, the global travel agency community and customers alike.

In practice, this means that both TIC and the Bryte Insurance Company are now offering these essential insurance services across the travel trade, and providing protection for customers choosing to fly with SAA.

TIC, a division of Santam Limited said that this development is based on their confidence that the decisions taken during the business rescue process are in the best interests of stabilising SAA.

From Friday February 14, TIC will provide travel insolvency cover on all policies sold on SAA tickets.

Stop-Sell On SAA Tickets Lifted 

“In light of the above development, Flight Centre Travel Group has reviewed its position, stated on 28 November 2019, and has decided to lift its stop-sell on SAA,” said Andrew Stark, MD Flight Centre Travel Group Middle East and Africa commenting on the development.

Flight Centre, through all its wholly-owned brands, including; Flight Centre Travel Group, FCM Travel Solutions, Corporate Traveller, Flight Centre Business Travel, Cruiseabout, and Flight Centre Associates will start selling SAA from today.

“This is an important day for SAA. Customers can now purchase tickets with renewed confidence in the knowledge that they are protected on every step of their journey through either TIC or Bryte Insurance,” said Deon Fredericks, Acting CFO of SAA.

 

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