ARC Updates Agency Agreement

The Airlines Reporting Corporation is cutting its Agency Reporting Agreement to 21 pages from 55 by streamlining legalese and removing requirements from the paper ticket era that no longer fly. As part of its previously announced modernization, ARC also is shortening by five days the time allowed for cash remittance and creating a new Associate Branch Location type that legitimizes, at least from ARC's point of view, partial location ownership.