In case a passenger with an airline ticket is affected by the insolvency of one of its interline partners. some airlines make a full refund of the unused part of the ticket including taxes. The current process is as follows
Passenger contacts travel agency where his ticket was purchased
Travel agency submits refund application (RA) via BSP Link to the carrier according to its Refund Policy.
Airline approves RA and processes the refund via BSP report; for ARC markets refunds will be processed by ACM or authorized via GDS directly
Travel agency reimburses the refunded amount to the passenger.
The whole process can be automated with an immediate refund capability using an ethereum based smart contract
In case a passenger with an airline ticket is affected by the insolvency of one of its interline partners. some airlines make a full refund of the unused part of the ticket including taxes. The current process is as follows
The whole process can be automated with an immediate refund capability using an ethereum based smart contract