IATA's deferred BSP payment plan offers brief respite for Indian agents - TTG Asia - Leader in Hotel, Airlines, Tourism and Travel Trade News
 
Sunday . April 19 . 2015
         
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
 
COMMENTS
 
 
Editor's pick >
   
Feeling the austerity cuts

by Mimi Hudoyo

Raising the stakes for prosperity

by S Puvaneswary, Paige Lee Pei Qi, Prudence Lui and Marianne Carandang

Betting on a growing middle class

by Rohit Kaul, Mimi Hudoyo, S Puvaneswary and Marianne Carandang

A new breed of business lodging

by Paige Lee Pei Qi, Xinyi Liang-Pholsena and Hannah Koh

Tucking into a hidden food scene

by Prudence Lui

 

 

>