Resolutions unanimously passed at IAAI AGM held in Kerala on 2nd May 2012 and at Kolkata on 12th May 2012 respectively.

Default, IAAI — By on May 25, 2012 at 7:37 am

REOLVED that the proposal to have 4 or 3 billing cycleswith 15 days credit instead of the existing fortnightlySettlement & Remittance with 30 days credit in Indiacannot be accepted as Indian economic and financialconditions do not warrant such and may drive awaymajority of the agencies out of business.RESOLVED that the proposal to merge Remittance cyclewith the Commission & Transaction Fee cannot beacceptable under any circumstances. Also, RESOLVEDthat the quantum of commission on all airlines should beenhanced to 5% as part of the airline-agents Partnership.FURTHER, RESOLVED that most of the Europeancountries including debt –trapped Greece have ONE monthsettlement system and Gulf countries do have optionalfacilities to voluntarily opt either fortnightly or weeklypayment according to their volume of business.

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