Seguro Holidays, a UK firm which provided holidays to the Algarve, stopped trading yesterday. The following is taken from their website -
"Seguro Travel Limited and its subsidiary Seguro Aviation Limited which trade under the style Seguro Holidays and Kent Escapes ceased trading on 10 September 2008."
"Customers who have booked to travel by air from 10 September onwards should refer to the Civil Aviation Authority website where further advice is given."
The irony is that 'seguro', in Portuguese, means certain, reliable, assured.