Presentation on International Air Transportation Associations

Presentation on International Air Transportation Association

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2. IATA International Air Transport Association 2 Farjana Nusrat Advocate, Bangladesh Supreme Court Aviation Attorney, Civil Aviation Authority of Bangladesh

3. IATA 3

4. 4 Mission IATA’s mission is to represent, lead, and serve the airline industry. Representing the airline industry Improve understanding of the air transport industry among decision makers and increase awareness of the benefits that aviation brings to national and global economies. Advocating for the interests of airlines across the globe, and challenge unreasonable rules and charges, hold regulators and governments to account, and strive for sensible regulation. Leading the airline industry For over 70 years, IATA has developed global commercial standards upon which the air transport industry is built. Our aim is to assist airlines by simplifying processes and increasing passenger convenience while reducing costs and improving efficiency. Serving the airline industry We help airlines to operate safely, securely, efficiently, and economically under clearly defined rules. Professional support is provided to all industry stakeholders with a wide range of products and expert services.

5. 5 IATA's Industry Priorities Advocacy Intensify advocacy efforts in support of achieving net zero carbon emissions by 2050, E nsuring that passenger rights regimes are aligned with global standards and are fit for purpose, T o avoid onerous, counterproductive and retrograde taxation. Industry Digital Transformation, Retailing and Customer Centricity Enhance digital identifications standards in Modern Airline Retailing Develop a roadmap for 100% Offers & Orders for the whole value chain Identify and assess new standards to modernize airport processes Safety, Security & Operations Continue implementation of the IATA Safety Leadership Charter and  Risk-Based IOSA  Strengthen the industry’s capacity to address cyber security Sustainability Accelerate the transition to Sustainable Aviation Fuel ( SAF ) Improve tracking of  Net Zero Roadmaps Ensure continuous availability of  CORSIA Eligible Emissions Units

6. 6 IATA Members From 57 founding members in 1945, IATA now represents some 330 airlines in over 120 countries. Carrying 80% of the world’s air traffic, IATA members include the world’s leading passenger and cargo airlines. IATA membership is open to airlines operating scheduled and non-scheduled air services that maintain an IATA Operational Safety Audit (IOSA) registration.

7. 7 IATA membership benefit for Airlines IATA provides a powerful, unified and experienced voice that supports and promotes the interests of its members through: International recognition and lobbying Targeting key industry priorities Driving industry change Reducing costs Communication campaigns Training and other services

8. IATA Management 8

9. IATA Regional Leadership 9

10. HOW IATA FUNCTIONS? General Meeting The Rules of Procedure of General Meetings set the composition, agenda, conduct of business, etc. for IATA's Annual General Meetings. Board of Governors The IATA Board of Governors exercises an oversight and executive role, including the general management and control of the business, affairs, funds, and property of IATA, on behalf of the member airlines. Among others, the Board determines, reviews and approves IATA policy and takes action in response to specific requests from member airlines. The Board also appoints IATA's Director General, Corporate Secretary and Chief Financial Officer. As of 3 June 2024, the Board is composed of 31 airline CEOs and IATA's Director General. 10

11. Audit Committee and Chair Committee The Board has established two committees to support its work: The Audit Committee which consists of five Board members and is responsible for reviewing the financial reporting process, the system of internal control and management of financial risks, the audit process and the process of monitoring compliance with laws and regulations; and The Chair Committee which consists of a maximum of 10 Board members and oversees IATA's financial performance and governance and has overall responsibility for industry policy. 11

12. Financial Services for Airlines Aviation Charges Intelligence Center (ACIC) : Reference for tracking and validating aviation charges worldwide. Billing and Settlement Plan (BSP) : Settlement of passenger sales from Travel Agents to Airlines Cargo Account Settlement Systems (CASS) : Settlement of cargo sales from agents and freight forwarders IATA Clearing House (ICH) : Fast debt collection - Protection against bad debt and bankruptcy IATA Exchange Rates : Standard industry rates for sales and interline billings Prorate Manuals (Passenger & Cargo) : Efficient management of interlining revenue settlement between airlines Revenue Accounting Tax Database (RATD) : Passenger ticket taxes & charges - Revenue accounting to process interline billing Ticket Tax Box Services (TTBS) : Global reference for taxes levied on passenger air tickets 12

13. Payment/Cash/Fund Management IATA Pay : an instant payment method for consumers when purchasing a ticket from an airline website. IATA Currency Clearance Service (ICCS) : Cash management - Centralized control of funds - Quick repatriation of funds Currency Repatriation : Reduce costs related to the repatriation of sales funds and improve repatriation processes IATA Financial Gateway (IFG) : An omni-channel payment solution that also helps airlines create the necessary files for reporting of their travel agent direct sales into the BSP Systems for processing and settlement 13

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15. Question and Answer 15

16. Thank You 16