VAustralia scores one over IATA
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VAustralia will be able to sell tickets through Australian and New Zealand travel agents after launching its own payment and settlement system.
The airline had been prevented from selling through travel agents because the International Air Transport Association (IATA) has refused to issue codes for its global billing and settlement plan until an airline has its air operator’s certificate, The Australian reported. More than 80% of worldwide airline revenues are ticketed by IATA travel agencies in the system.
But VAustralia, due to launch its first flights in mid-December, has teamed with travel payment specialists ENett International to get around the impasse, the report said.
The VAustralia Settlement Plan will allow travel agents to book and ticket the airline’s flights with major global distribution systems and settle payments directly with VAustralia, but for now within Australia and New Zealand.
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