Richards v. Air India Ltd.: Travel Agents and Letters of Credit
Written on September 15, 2011.
Ceylinco Investments Ltd, operating as Chalais Travel and Tours, was an authorized passenger sales agent of Air India. As an IATA accredited agent, it did not directly pay the airlines for the tickets it sold, but instead used the IATA Bank Settlement Plan (BSP). This payment method was based on the agent reporting ticket sales […]