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Tuesday, December 02, 2008
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Aviation
Alitalia signs agreement with IATA
Thursday, September 04, 2008
Alitalia confirmed that the company's Extraordinary Administrator has signed a contract with IATA to assume the BSP and CASS Agreements, and a security deposit has been provided to IATA to offer an additional reassurance to the travelling public, IATA Agents and other ISS Participating Airlines.

As confirmed yesterday by IATA, "as far as BSP and CASS processing is concerned it is 'business as usual,' with no disruption to data processing, remittances or settlements."

This move follows Alitalia's decision to file for bankruptcy protection with the Italian Court on 29 August 2008, in order to provide protection from its creditors while it completes the restructuring process.

While the reorganisation process is being carried out, operations are continuing to run as usual.

Vicky Karantzavelou - Thursday, September 04, 2008
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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