IATA's deferred BSP payment plan offers brief respite for Indian agents - TTG Asia - Leader in Hotel, Airlines, Tourism and Travel Trade News
 
Tuesday . September 30 . 2014
         
Follow TTG Asia on Twitter
TTG ASIA this week
TTG Asia Luxury
 
Share |
IATA's deferred BSP payment plan offers brief respite for Indian agents
Divya Kaul, New Delhi, June 8, 2012
 

IATA has deferred the implementation of its weekly remittance system in India until November 1, 2012.

 

The association had earlier scheduled the change in the remittance frequency in the Indian billing and settlement plan for June 1 (TTG Asia e-Daily, April 11, 2012).

 

Biji Eapen, IATA Agents Association of India (IAAI) president, said: “After careful discussions and deliberations, IATA Geneva concluded that the weekly remittance cannot be administered at this time without exposing IATA and its members to unacceptable risks.”

 

Guldeep Singh Sahni, managing director of Weldon Tours & Travels New Delhi, welcomed the deferment as it would bring “temporary relief” for small- and medium-sized travel agencies. "The delay in the implementation provides an opportunity for us to sort out this mess," he said.

 

Print Top Stories
 
RATE THIS ARTICLE
Poor 1 2 3 4 5 Good
 
COMMENTS
No comment for this article.
 
  POST YOUR COMMENT  
       
  Name:  
Email Address:
Location:
  Comment:  
  Enter the code shown:  
     
     
       
 
Editor's pick >
   
Warman's war chest

by Raini Hamdi

Hong Kong on standby

by Prudence Lui

Longhaul report - Switzerland, Germany, the UK

by Raini Hamdi, Prudence Lui and S Puvaneswary

Smart air travel

by Raini Hamdi

Making a connexion

by Raini Hamdi