Planes owned by failed airlines would be used to repatriate passengers according to plans announced by the government.
The proposed legislation would allow collapsed carriers to be placed in special administration, which means that their aircraft and crew can continue to fly to bring customers back to the UK.
Under the existing system, when an airline folds its planes are grounded, leaving passengers at risk of getting stuck.
When the travel company Thomas Cook collapsed last month, leaving over 140,000 vacationers stranded, the Civil Aviation Authority had to guarantee the use of 150 aircraft from around the world to operate around 700 flights at a cost of £ 100 million for the exchange.
The government believes that allowing CAAs to use an airline's existing aircraft and crew in future cases would mean that there are fewer interruptions and costs for tax payers.
The transport secretary, Grant Shapps, said: "We have recently seen the huge impact that airlines can collapse on passengers and staff.
"To take home over 140,000 passengers from Thomas Cook, the government and AAC have worked together 24 hours a day and, with the support of people around the world, have carried out the greatest repatriation exercise in peacetime in history. of the United Kingdom.
"I am determined to introduce a better system to deal with similar situations in the future, helping to ensure that passengers are protected and taken home quickly and safely.
"I spoke with Peter Bucks, president of the Airline Insolvency Review, and I plan to draw on his experience and introduce airline insolvency reforms as quickly as possible."
The final report of the review was published in May and recommended the introduction of a 50 p levy per air fare to cover the cost of bringing UK passengers home when an airline fails.