The Civil Aviation Authority is extending the Atol-renewal deadline.
It said it had taken the “exceptional decision” to extend the deadline until April 28, 2020.
The decision to extend licences comes into effect on March 31, 2020.
Michael Budge, head of licensing Operations for Atol, said:“Given the exceptional and unprecedented circumstances we recognise that this is the right course of action and the decision has been taken that all ATOL licences expiring March 31, 2020 will now have their licence period extended until April 28, 2020.
“This allows Atol holders to focus on their customers and manage their own financial position. In addition, the UK Civil Aviation Authority has refocussed its resources to manage the issues arising from this complex situation.
“Extra time will enable industry to support customers in a highly challenging period of uncertainty and provide time to assess matters in order to meet the terms of their renewals. It will also give the UK Civil Aviation Authority the time to appropriately assess applications where we need to complete assessments.
“Extending the deadline is highly unusual, and we will keep this under review. We will also keep this decision under review as the situation develops and the potential impact is better understood. We would like to thank the industry for working with us.”