Yource acquires bankrupt EUclaim to revive flight compensation service

What's the deal? Amsterdam-based YourceDealroom has a profile for this one. Try Dealroom → has acquired the operations of EUclaimDealroom has a profile for this one. Try Dealroom →, the Dutch flight compensation firm declared bankrupt on August 24. The deal, agreed with the bankruptcy trustee, lets EUclaim restart under its own name and website. Terms were not disclosed.

What each company does: Both help air passengers claim compensation for delayed or cancelled flights. EUclaim, founded in 2007 by Hendrik Noorderhaven, says it has helped around 850,000 passengers. Yource, founded in 2010, runs brands including the Flight-DelayedDealroom has a profile for this one. Try Dealroom → websites and the AirRefundDealroom has a profile for this one. Try Dealroom → platform, and says it has assisted more than 2 million passengers.

What changes for customers? Yource will continue serving EUclaim's clients, and the trustee and Yource will contact everyone with ongoing claims to arrange the transfer. EUclaim is also accepting new claims again.

Why now? The trustee said EUclaim collapsed because passengers increasingly contacted airlines directly for compensation, bypassing intermediaries. Buying its operations out of bankruptcy gives Yource a recognised brand and a book of active claims at a moment when demand for such services is under pressure.

The signal: The takeover marks further consolidation in the flight compensation market, where Yource already operates multiple brands and recently added vlucht-vertraagd.nlDealroom has a profile for this one. Try Dealroom → to its portfolio. As airlines make it easier to claim directly, scale and multiple consumer-facing brands are becoming the way smaller players survive.

Read more: nltimes.nl

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