Bloomberg reports today (bolding mine):
- Travel vouchers offered by airlines to passengers whose flights have been canceled should be made more attractive through, for example, a minimum duration period of a year, the possibility to transfer them for free to other people and government protection against insolvency of the carriers
- NOTE: The commission is rejecting a demand by around half of EU governments to shore up the liquidity of airlines by scaling back their obligation to pay refunds for canceled flights. Rather, it’s standing firmly by a 2004 EU law that requires airlines to refund tickets for canceled flights within seven days unless affected passengers opt for another solution such as vouchers