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December 1, 2014

IATA to Provide EU Passengers With Tickets in Case of Airline Bankruptcy

Airplane in Flight The International Air Transport Association (IATA) is providing passengers with emergency tickets in the event that their travel plans become affected by an airline bankruptcy.  

“Passengers left stranded in the rare and unfortunate event of an airline bankruptcy will be offered rescue fares from airlines to ensure they can get home,” IATA’s director, general and CEO Tony Tyler, said in a statement.

IATA airline members flying to and from the European Union will provide the passengers with the rescue fares, and passengers will be given access to discounted fares. For customers who didn’t purchase travel insurance the rescue fare will be available for up to two weeks after the financial failure.

The association has estimated that between 2011 and 2020 that only .07 percent of customers could experience this travel difficulty. The IATA represents 84 percent of all global air traffic.   

For more information visit, www.iata.org

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