IATA Announces New Scheme To Help Passengers Hit By Airline Bankruptcy

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KUALA LUMPUR, Nov 25 – The International Air Transport Association (IATA) has announced a new arrangement to help passengers impacted by airline bankruptcy. A voluntary agreement on behalf of its members flying to, from and within Europe will cover the repatriation of passengers unable to return home due to an airline ceasing operations as a result of financial failure, IATA said in a statement.

“I am delighted to say that 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 Tony Tyler, IATA’s Director General and CEO.

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