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Faremax.com Achieves Accreditation -- More Discounts on Airline Tickets
Marlboro, NJ (PRWEB) November 13, 2006 -- Faremax, Inc., online
retailer of discount airline tickets,
vacations and cruises,
announced this week that it had received ARC/IATA accreditation
which will allow the agency to issue its own airline tickets
rather than buy via third parties. Faremax already offers
significant discounts to its customers, and it is anticipated
that accreditation will result in ever deep price cuts.
ARC (the Airlines Reporting Corporation) handles the disbursement
of cash and issuance of tickets between travel agents and American
and international airlines. IATA (the International Air Transport
Association) regulates competition and pricing between its member
airlines. Agents that lack their own ARC/IATA accreditation must
process reservations through third-party providers, meaning an
extra cost must be passed on to the end-customer. Accredited
agents, on the other hand, are often in a position to negotiate
directly with the airlines thus offering deeper discounts.
Ilya Epshteyn, Faremax CEO, is pleased that the long and stringent
application process for accreditation has been successful.
"These guys do not give accreditation to everyone," he says,
"and although we've been an established and well-known reseller
of airline tickets for some years we still had to prove that
we're a serious, competent organization."
Epshteyn is confident that the effort has been worth it, though:
"we were already offering big discounts to our customers --
now we're going to be one of the most competitive agencies out
there. With travel prices going up all the time, we think it's
important to deliver real value to our customers."
About faremax.com
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