A Thorny issue
Albert Tjoeng, Assistant Director, Corporate Communications, IATA Asia Pacific said “Moving to weekly settlement will benefit both airlines and agents. Airlines will receive more timely payments for ticket sales, while agents will have a reduced financial burden as a result of a lower financial guarantee requirement due to more frequent remittances.”
However Biji Eapen, President, IATA Agents Association of India ( IAAI), points out that APJC- India had passed a resolution with majority vote to implement weekly payment effective from July 2015 and submitted the proposal to Passenger Agency Conference 2012, which, in fact, had circulated under Agenda items. Unfortunately, our APJC representatives summoned an emergency meeting on September 3, 2012 and unanimously passed another resolution to implement weekly payment from July 1,2013 immediately, instead of 2015.
Moving to weekly settlement plan will benefit both airlines and agents APJC-India passed a resolution to implement weekly payment effective from July 2015