The International Air Transport Association (IATA), in a move that will bring relief to the travel agent community, today announced that it has deferred the implementation of the weekly settlement system to November 1, 2012. This information was shared by Iqbal Mulla, President, Travel Agents Association of India (TAAI), who stated that an IATA circular about the same had been received by the TAAI office this morning.
IATA had previously announced that the weekly settlement system would be implemented from June 1, 2012. The announcement was made at the Passenger Agency Conference in Singapore in October, 2011, and was met with vociferous protest from the travel agent fraternity, with travel trade associations like TAAI, Travel Agents Federation of India (TAFI) and IATA Agents Association of India (IAAI) going to court over the issue.Click here to see the original article>