Hazel Jain

We must renegotiate terms with IATA by July 1: Sunil Satywakta

Sunil B Satyawakta, Director, Civica Travels Pvt. Ltd, and Former Chapter Chairman (UP & Uttarakhand), TAAI, feels strongly that all IATA agents should re-negotiate the terms with IATA. He explains, “I am expecting that our ticket sales will be down at least 50 per cent in the next financial year. Keeping this in mind, we must ask IATA to bring down our bank guarantee and our targets by a minimum of 50 per cent. Normally the amount of financial security is based on an agency’s 20-day average turnover in last 12 months. Submission deadline for Bank Guarantees is 24 June, 2020 for period 1st July 2020 to 30th June, 2021. As the circumstances are unlikely to change in the coming 12 months, we must voice this concern to them before that.”

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OTOAI meets Tourism Minister; hopeful to get some relief

In continuation of its efforts to highlight the issues and concerns of the outbound industry to those in the office of power, Riaz Munshi, President, Outbound Tour Operators of India (OTOAI), met up with the Tourism Minister, Prahlad Singh Patel. He had a detailed meeting with the minister at the Ministry of Tourism Office along with presidents of other leading travel trade associations. Munshi says, “The Tourism Minister listened patiently to all that we had to say. He has assured us that roll-back of TCS, not making pan card necessary for foreign remittances for foreign nationals and NRIs will be taken up with the government on priority. The honourable Minister is hopeful that all these discussions will have a positive outcome and that relief on these fronts will be announced soon.”

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