Passenger Sales Agency Agreement Iata

Passenger Sales Agency Agreement (PSAA) is a contract between an International Air Transport Association (IATA) accredited travel agency and an airline. It lays out the terms and conditions for the agency to sell airline tickets on behalf of the airline. This agreement is crucial for both parties, as it helps ensure a smooth and efficient process for booking and selling airline tickets.

The PSAA is a legal document that outlines the relationship between the travel agency and the airline. It defines the responsibilities and obligations of both parties, including the scope of the agreement, payment terms, and the commission rates. The agreement also spells out the terms for booking, ticketing, and handling refunds and cancellations.

To become an IATA-accredited travel agency, the agency must meet certain criteria and undergo a rigorous application process. Once approved, the agency gains access to the IATA Billing and Settlement Plan (BSP), a system that facilitates the sale and purchase of airline tickets. The BSP ensures that all transactions between the travel agency and the airline are processed accurately and efficiently.

Under the PSAA, the travel agency agrees to sell airline tickets within its approved market, which can be a specific region, country, or group of countries. The travel agency also agrees to comply with IATA`s rules and regulations, including ticketing and settlement procedures.

In return, the airline agrees to provide the travel agency with access to its reservation system and to honor all tickets issued by the agency. The airline also agrees to pay the agency a commission on the sale of each ticket, which is usually a percentage of the fare.

The PSAA is a binding agreement, and both parties must adhere to its terms and conditions. Failure to do so could result in the termination of the agreement.

In conclusion, the PSAA is an essential agreement for any travel agency that wishes to sell airline tickets. It provides a framework for the relationship between the agency and the airline, ensuring that both parties understand their responsibilities and obligations. By becoming an IATA-accredited travel agency and signing a PSAA with an airline, travel agencies can offer their customers a seamless and hassle-free booking experience.