On the Beach Group PLC Successful Application for Summary Judgment
31 Ottobre 2023 - 12:53PM
RNS Non-Regulatory
TIDMOTB
On the Beach Group PLC
31 October 2023
31 October 2023
On the Beach Group plc
("On the Beach", "OTB" or the "Group")
Successful Application for Summary Judgment in Ryanair Refunds
Case
On the Beach Group plc (LSE: OTB.L) today provides an update
that the High Court of Justice found in its favour in its
application for summary judgment against Ryanair for refunds paid
to customers by On the Beach following flights which were cancelled
or subject to a major change during the pandemic. The case was
launched in October 2021.
The Court found that Ryanair had no real prospect of
successfully defending the claims that it was obliged to refund the
monies to On the Beach (i) under Regulation 29 (Right of Redress)
of the Package Travel and Linked Travel Arrangements Regulations
2018; and (ii) under the law of unjust enrichment. As such, On the
Beach has been awarded the sum of cGBP2m and will also be seeking
its costs of the proceedings.
Since the commencement of this claim, On the Beach has continued
to provide its customers with cash refunds in circumstances where
Ryanair has not yet provided a refund and will be taking steps to
recover these sums.
Shaun Morton, Chief Executive of On the Beach, commented:
"We welcome the High Court's decision to uphold our application
for Ryanair to pay back what was owed. Today's outcome sends an
important message on how refunds should be handled and emphasises
the industry's responsibility to holidaymakers. On The Beach is
committed to doing the right thing for its customers and provided
full cash refunds for flights that were cancelled or subject to
major changes during the pandemic whether or not airlines had
complied with their obligations.
"We continue to call on the CMA to review the anti-competitive
behaviour by certain low-cost airlines, protecting consumer choice
with fair access to flights and a code of conduct for airlines and
travel agents. It has taken a protracted and expensive legal
process to reach today's outcome which could and should have been
avoided. We urge the Department for Business and Trade to consider
this in its current consultation on the Package Travel
Regulations."
ENDS
For further information:
On the Beach Group plc via FTI Consulting
Shaun Morton, Chief Executive
Officer
Jon Wormald, Chief Financial
Officer
FTI Consulting Tel: +44 (0)20 3727 1000
Alex Beagley
Fiona Walker
Sam Macpherson
Rafaella de Freitas
About On the Beach
On the Beach Group plc is one of the UK's largest online beach
holidays retailers, with significant opportunities for growth. Its
innovative technology, low-cost base and strong customer-value
proposition provides a structural challenge to legacy tour
operators and online travel agents, as it continues disrupting the
online retail of beach holidays. Its model is customer-centric,
asset light, profitable and cash generative.
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END
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