Iata expects conclusion to talks with AirFastTickets

Iata says it hopes to have concluded negotiations with online air ticket retailer AirFastTickets early next week over the €45 million it says it owes in payments.

The airline association placed the US-based firm, which originated in Greece, into default in the UK on June 18 due to a monthly deadline being missed to pay €14 million it owed for sales in May.