Sierra Leone Joins IATA BSP

The International Air Transport Association (IATA) has announced that the Billing and Settlement Plan (BSP) has been launched in Sierra Leone, effective August 1, 2023.

The BSP is a global system that facilitates the financial transactions between airlines and travel agencies. It is designed to simplify and secure the selling, reporting, and remitting procedures of IATA-accredited travel agents.

The launch of the BSP in Sierra Leone is a significant milestone for the country’s aviation industry. It will help to improve the efficiency and transparency of air travel transactions, and it will provide a more secure and reliable payment system for airlines and travel agents. It will also contribute towards the growth of aviation and the economy.

Regional Vice President Africa and Middle East, Kamil Alawadhi, said: “Accelerating the implementation of secure, effective, and cost-efficient financial services is a key pillar of IATA’s Focus Africa initiative. The launch of the BSP in Sierra Leone is a testament to our commitment to supporting the growth and modernization of aviation across Africa.”

“The launch of the BSP in Sierra Leone is a win-win for the country’s aviation industry. It will benefit airlines, travel agents, and passengers alike,” Alawadi said.