This Bulgarian startup aims to help you obtain compensation for flights that were cancelled, delayed or overbooked -- up to 3 years ago. Travel venture ClaimCompass promises to get clients up to 600 euros back.
Their simple-to-use service involves spending just a few minutes inputting information in their Compensation Calculator. ClaimCompass will contact the airline for you, saving time and effort. They take a 25% success-based commission, which means clients only pay when the ClaimCompass is successful.
The European company hopes to address the problem of only 5% of 22 million plane passengers legally entitled to compensation for flights actually receiving refunds. With a team experienced in European aviation law, the new business assumes 100% of the risk, taking non-compliant airlines to court.
Compensation-Winning Travel Startups
ClaimCompass Fights to Get Europeans Compensation for Flights
Trend Themes
1. Flight Compensation Services - There is an opportunity to disrupt traditional airline compensation by offering easy-to-use, success-based commission services to passengers for flights that were cancelled, delayed or overbooked.
2. Travel Legal Services - Providing legal services for travelers who are having trouble obtaining compensation for delayed or cancelled flights can help address the issue of low percentage of travellers who actually receive compensation.
3. Risk-taking Business Models - Assuming 100% of the risk of non-compliant airlines and taking them to court can be a disruptive business model in the aviation industry.
Industry Implications
1. Travel - Travel companies can partner with flight compensation services to provide more value to their customers and increase customer satisfaction.
2. Legal Services - Legal service companies can enter the niche market of providing assistance in obtaining compensation for delayed or cancelled flights, which can lead to a profitable revenue stream for the company.
3. Airlines - Airlines can increase their customer satisfaction and brand loyalty by offering easier compensation processes to their passengers and partnering with flight compensation services.