Madagascar Airlines set to join IATA’s Billing and Settlement Plan by Q2, 2023

Madagascar Airlines is all set to join International Air Transport Association (IATA)’s Billing and Settlement Plan (BSP) by July 2023 as and when it can settle the $3.5 million liability in unflown tickets issued by Air Madagascar and Tsaradia. The BSP is a worldwide program by IATA meant to facilitate and simplify the selling, reporting, and remitting procedures of Accredited Passenger Sales Agents. The program will improve Madagascar Airlines’ financial control and cash flow. Speaking at the Syndicat des Enterprises des Tour Operating (SETO) forum in Deauville, France, Thierry de Bailleul, CEO, Madagascar Airlines said: “We will not open the