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.
Why This Trend Is Growing
- 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.
- 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.
- 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.
Industries Being Reshaped
- Travel
- Travel companies can partner with flight compensation services to provide more value to their customers and increase customer satisfaction.
- 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.
- Airlines
- Airlines can increase their customer satisfaction and brand loyalty by offering easier compensation processes to their passengers and partnering with flight compensation services.
