An Agent, structured as a corporation or limited liability company must notify IATA when there is a disposal or acquisition of shares, even when such disposal or acquisition does not result in a change in control, as defined in Section 10.1.1.2. of the rules. This change does not require execution of a new Passenger Sales Agency Agreement, provided that the changes does not alter the Agent’s legal nature with respect to its responsibilities and obligations under applicable law.
An Agent structured in a way other than as a corporation or a limited liability company must follow the provisions set out in section 10.3 of the rules for changes to their ownership structure.
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