This holder looks good, feels secure and is easy to open and close. It also conveniently comes with another locking ring so you can instantly attach it to a belt loop or whatever you want without trying to thread a standard key loop through the item you want to lock it to. The color is fresh and bright, the leather(?) is solid and the design feels good. The only thing I'm not 100% sure about is the locking mechanism. It looks like the hard leather end (with a latch) could catch on something and possibly come loose. It won't drop the security tag, so it really isn't a problem for most things. The only area where I could possibly see this as an issue would be on the baggage conveyor belt. If hooked and pushed in all directions, will the Air Tag fall out? I think it's possible, albeit unlikely, which is why I've only deducted one star.
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