ERA supports IATA’s position on airline bankruptcy

Published on : Thursday, January 18, 2018

European Regions Airline AssociationCreation of a fund would decrease the competitiveness of airlines and increase costs for European consumers. There are numerous means for passengers to obtain a refund for their airline tickets (via credit card, insurance on credit card or via direct insurance with the airline, travel agency or tour operator). Additionally, travel agents are protected through IATA’s Billing and Settlement Plan, with refunds coming from the settlement between travel agents and IATA.


ERA agrees with IATA’s recommendation of a review into existing bankruptcy laws to permit the continued operations of airlines in insolvency, allowing more passengers to complete their travel, and to consider increased priority for passenger refund claims.


Montserrat Barriga, ERA’s Director General says: “ERA fully supports IATA’s position. The aviation industry has an extremely strong track record in dealing with the repatriation of stranded passengers. The amount of passengers affected compared to the actual total number of passengers carried does not justify the creation of this fund. We consider that specific and more restrictive measures for airlines would be discriminative compared with other means of transport and would also penalise the financially prudent airlines. Aviation sector plays a critical role in the European economy, creating wealth and jobs, and further regulation such as the creation of a fund risks unintended consequences, including making travel more expensive and distorting competition in the marketplace.”

(No Like Yet)

Related Posts

Tags: , ,

Comments are closed.

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  rss_logo 
ttw_blogger_logo  ttw_blogger_logo


  • 01 WTM London 2020
  • 06 ITB Asia 2020
  • 12 ITE Hong Kong 2020
  • 13 IMEX 20
  • 16 FHC 2020
  • 16 G&A 2020
  • 16 ITB asia 2020
  • 16 TAAPE 2020
  • 17 AAA-banner 2020
  • 18 WCTIE 2020
  • 20 GWS-2020
  • 23 emitt 21
  • 30 PATA


    1. Travel forward online

      July 14 @ 9:00 AM - July 28 @ 12:00 PM

      July 17 - July 19

      July 30 - August 2
    4. IT&CM CHINA 2020

      August 3 - August 5
    5. Asia Amusement & Attractions Expo 2020

      August 4 - August 6
Get our toolbar!
Review on