IATA to Provide EU Passengers With Tickets in the Event of Airline Bankruptcy

Airplane in Flight The International Air Transport Association (IATA) now provides 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,” said IATA’s director, general and CEO Tony Tyler.

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.


Like this story? Subscribe to Daily News & Deals!

Featuring breaking news on the latest product launches, deals, sales promotions, and executive appointments. Be sure to sign-up for this free industry daily newsletter.

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.   

“This agreement on rescue fares shows that the airline industry is more determined than ever to ensure reliable and consistently excellent customer service,” said Tyler. 

For more information visit, www.iata.org

Suggested Articles:

The hotel will implement comprehensive new cleanliness program to promote the health and wellness of guests and cast members. Read more here.

Croatia officially reopening of its borders to travel from European Union nations, as well as from the U.S. Here's what travelers can expect.

Grenada reopens to international travelers August 1 with the entry requirements confirmed for low-, medium- and high-risk countries. Learn more.