You either have to pay the extra money to Club to get the same holiday or you can insist on your money back from the Commission for Aviation Regulation.(aviationreg.ie)
You cannot claim from the bond the extra payment that Club is forcing you to pay.
Besides paying the costs of bringing back stranded clients of bust travel firms, the other purpose of the bond is to refund actual monies spent buying that holiday, not to pay extra costs obtaining the same holiday with another travel company.
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I started a rant on this months ago near the start of this thread...
Basically, the whole deal between the Commission for Aviation Regulation and Club Travel is a scandal. When Slatterys went broke the Commission should have just refunded the money, via the normal refund application forms which are obtainable on line or over the phone.
Instead, in the case of Slatterys, the Commission stated that Club "were taking over the bookings " thus giving innocent customers like yourselves the impression that everything was O.K. - that is, whatever you booked with Slatterys would be done via Club.
Over the last few weeks customers have been told by Club that there is an extra charge of up to 50% on top of what Slatterys had charged.
Unfortunately, customers don't realise that they should demand their money back immediately from the Commission and go and book somewhere else. The customers believe - and the aviationreg website strengthened this belief -that they had to pay extra otherwise they'd lose all their money. Not so -you're free to claim your money and book elsewhere.
(Perhaps because the Commission did something they had no right to do - rather than doing their duty to refund customers they pushed those customers to Club Travel who then charged extra - maybe there is a case for legal action. But against the government? Is it worth it ?)