Overview of IATA Registration
In India, Travel and Tourism are the most prominent and fast-growing industries. Travel Agency is an excellent opportunity for many people in business in our country, and having an IATA Registration can enhance the revenue of your business. It is proof for customers and vendors that the business is a trustworthy and accredited travel agency. It helps the business relationship between travel agents and airlines.
International Air Transport Association (IATA) regulations need that aircraft operator employees and anyone involved in shipping hazardous materials by air receive an IATA Registration before transporting their hazardous or dangerous goods by aeroplane.
IATA aims at the following mandates:
IATA has a vital role in the travel trade and civil air transportation. Some of such roles and improvements of IATA are as follows:
IAAI (IATA Agents Association of India)
When IATA started demanding a Bank Guarantee of Rs. 20 Lakhs from Travel Agents, which affected the smaller IATA Agents in India, in 2001, IAAI was founded to safeguard the interests of smaller Agents. The purpose behind introducing IAAI was the betterment of the travel fraternity.
IAAI is also a member of the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Indian Council of Arbitration (ICA).
IAAI was established under the Travancore- Cochin Literary, Scientific and Charitable Society Registration Act 1955 of the Kerala Government on 6th June 2001, and its registered head office is in Cochin, Kerala.
IAAI works through its duly elected committees in so many states, ensuring equal representation of members at the National Management Committee for proper and smooth operation. Such elections to National and State Committees are held every two years. The elected State Committees of IAAI are in Kerala, Tamil Nadu, Andhra Pradesh, Maharashtra, Andaman & Nicobar Islands, West Bengal, Delhi and Uttar Pradesh. It also has Ad Hoc Committee Chairmen in Punjab, Rajasthan, Gujarat, Madhya Pradesh, Karnataka, Orissa and Assam.
IATA Registration Requirements
At the time of applying for IATA Registration, the following requirements are essential:
An applicant’s financial record and financial standing have a significant role in the IATA Registration process.
The criteria for the financial evaluation of the IATA Registration application in India are as follows:
All Agents should provide financial security during the first two years as an Agent. IATA Registration is not granted until the financial security is provided to IATA. IATA confirms in the written form received directly from the third party supporting that such financial security is valid. Each Travel Agent should provide financial security with a minimum amount prescribed by IATA.
Eligibility to obtain IATA Registration
Following are eligible applicants for obtaining IATA Registration:
Benefits of IATA Registration
Benefits of IATA Registration are as follows:
Documents Required for IATA Registration
Following are the required documents for IATA Registration:
Procedure to obtain IATA Registration
Step by step complete and thorough procedure for obtaining IATA Registration:
If the applicant is already a member of IATA and decides to change some basic membership details, he needs clearance from IATA beforehand. Failure to do the same jeopardises the chance applicant’s IATA Registration status.
IATA reserves the right of the applicant to ask for evidence of good financial standings at any point during its membership period. There are periodic and random reviews are required of all IATA members.