The Philippine Travel Agencies Association (PTAA) are looking to gain some financial liquidity under Bayanihan to Recover as One Act ( Bayanihan 2) to restart operations.
PTAA members are looking to get full refunds amounting to P141 million from 27 airlines on cancelled flights since air travel was restricted by the government in March.
The 27 airlines include domestic carriers Philippine Airlines, Cebu Pacific, and Air Asia.
Among the notable international airlines on the list include Emirates Airlines, Qatar Airways Singapore Airlines, Thai Airways International, and Turkish Airways.
“We hope the airlines can expedite the process and release all refunds lodged consequent to the pandemic within a reasonable timeline. These will be used to refund the respective clients of travel agencies who bought tickets from them,” said PTAA president Ritchie Tuaño
Tuaño said Bayanihan 2 can benefit travel agencies over the short and long term.
Bayanihan 2 allocates P10 billion to finance the programs of the Department of Tourism to assist critically impacted tourism stakeholders with P6 billion earmarked for soft loans for micro, small and medium enterprises in the tourism sector, P3 billion for displaced tourism workers, and the remaining P1 billion for tourism infrastructure projects.
Another P45 billion in low interest loans from state banks. A provision in the proposed law sets subsidized domestic package tours.