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Wednesday, 5 November 2014

Joint Bank Guarantee Scheme expected to be rolled out for TAAI members by June 2015

The Joint Bank Guarantee Scheme for members of Travel Agents Association of India (TAAI) has been globally approved. The Passenger Agency Conference (PAConf) has approved, without a single negative vote, the Joint Bank Guarantee Scheme as an exception for India. IATA Legal has been asked to review the legal aspects and may ask Agency Programme Joint Council (APJC) India to create norms and review its working, informed Harmandeep Singh Anand, Hon Secretary General, TAAI.

PAConf is the annual meeting of IATA airlines from across the globe to consider proposals to amend/review the Passenger Agency Program of IATA. The event was held at San Diego in California, USA from October 16-17, 2014.

Anand said that pursuant to APJC India's approval to table resolutions at the PAConf, Sunil Kumar, Acting President, TAAI, represented the Association at the IATA event. TAAI's objective was to campaign in favour of APJC India resolutions at the Conference. In spite of unanimity of APJC India, it was an extremely tough situation. Out of the 200-plus airlines of IATA who were present at the Conference, even a single negative vote would have defeated the resolution, informed Anand.

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