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Airlines balk at passenger fund

AIRLINES throughout Europe have hit back at European Union demands for them to set up a compensation fund for stranded passengers.<br /><br />European Union consumer commissioner Meglena Kuneva, will today call for insolvency protection rules to be widened to cover holidays and airline tickets booked by passengers over the internet. EU lawmakers also want grounded passengers to have access to money from an airline compensation fund. <br /><br />Firms such as EasyJet and British Airways say adequate protection schemes are already in place.