Noticias

The coronavirus is causing a new crisis in the aviation sector with a historic drop in the stock market due to the sharp decline in reserves because of widespread concern about the possibility of coronavirus infection. 

Tourism, and in particular, the air sector, is in the midst of a major crisis due to COVID-19. For more than a week, the stock market has been plunging for the most important airlines in the sector and has already caused the bankruptcy of the British Airline Flybe.

Companies such as Ryanair predict that "the European airline sector will end up being concentrated due to low profitability, overcapacity and the high costs that only the most robust groups can support".

Given this situation of uncertainty experienced by both the airline industry and consumers themselves, AYAX has a product specially designed to cover such risks: AYAX Airline Bankruptcy Insurance is an insurance policy created to provide coverage for damages incurred by the bankruptcy of airlines (including low cost companies).

The objective of SQA is to cover bankruptcy in all its forms:

> Before departure: Refund of the ticket amount up to the maximum insured

> At destination: Payment of expenses incurred by the passenger to return to the point of origin or continue the journey.

AYAX SQA also has an accreditation system based on 3 seals, granted by the Quality Division of AYAX, in the case that they offer coverage to consumers in the event of airline bankruptcy, insurance products, travel agencies or airlines.