TICO APPROVES COMPENSATION FUND CLAIMS

TICO’s board of directors has approved payment of $2,036,933.04 for a claim received on behalf of 5,000 consumers who were at risk of not receiving the travel services for which they had paid. This payment was due to the closure of MKI Travel and Conference Management Inc. in Ottawa. The circumstances surrounding this closure are currently under investigation by TICO. The board also approved payment of $39,202.71 to assist 80 consumers who did not receive travel services due to the closure of EZJet Air Services in Guyana. (http://www.tico.ca)