Spanish court rejects travel group complaint against IATA
A Spanish court rejected Tuesday a complaint by travel group Marsans against the International Air Transport Association (IATA) over the withdrawal of its licence to sell flight tickets.
Last month IATA said it would only allow Marsans, one of Spain's biggest and oldest tour operators, to regain its licence if it paid a financial guarantee of 20 million euros (26.4 million dollars).
IATA is concerned over the financial difficulties faced by Marsans' president Gerardo Diaz Ferran, also the head of Spain's employer federation.
Ferran's airline Air Comet closed in December and his insurance company Seguros Mercurio went under in March.
Marsans contested IATA's "absurd" decision at a commercial court, asking that it be temporarily suspended.
But a judge at the Madrid court ruled Tuesday that "there was no need for the provisional measures requested" by Marsans.
Marsans operates around 500 travel agencies in Spain and employs some 4,000 people.
© 2010 AFP