National carrier South African Airways (SAA), has announced that Travel Insurance Consultants (TIC) have reinstated the travel supplier insolvency cover on the airline.
The development represents a significant step forward for SAA, the global travel agency community and customers alike.
In practice, this means that both TIC and 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.
TIC stated that from Friday, February 14, it has started providing travel insolvency cover on all policies sold on SAA tickets. 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 has also started selling SAA.
“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.