THOUSANDS of Britons heading abroad for Christmas are facing chaos after a holiday firm that operates mainly in Yorkshire went bust.
The Manchester-based company, which traded under the names CT2, HCCT Holiday Limited and LOCO Flights, has not paid airlines for about 37,000 tickets already booked by travellers.
About 1,000 holidaymakers are currently abroad on trips booked through the firm but authorities said they will be able to complete their breaks.
People due to fly out on trips booked through the company are urged not to travel to the airport but to contact their travel agent or the Civil Aviation Authority.
The CAA today said the firm still holds an Air Travel Organiser's Licence - the protection scheme for consumers where firms put down a bond to pay for holidays and flights in case they go bust.
ATOL protects travellers from losing money or being stranded abroad when a tour operator goes out of business.
has booked tickets with the airlines Jet2, Thomas Cook and Monarch to destinations mainly in Spain and the Canary Islands.
Flights operate through Manchester, Leeds/Bradford, Belfast and Blackpool airports.