The Industry Financial Advisory Council shall act as advisor to the Board of Governors, the Director General, other Advisory Councils, IATA management and other relevant IATA bodies on matters concerning industry financial services and standards, and related policy aspects.

More information on the Industry Financial Advisory Council mandate in the Advisory Councils Mandates and Memberships (pdf).

Working Groups

A number of Working Groups support Industry Financial Advisory Council:

Financial Services & Settlement Systems

  • Financial Services Development Working Group (FinDev)
  • Interline Billing and Settlement Operations Working Group (IBSOps)
  • SIS Steering Group (SIS SG)
  • ISS Risk Management Working Group (direct report to PSG) (ISSRMWG)

Treasury & Payment

  • Treasury Working Group (TWG)
  • Payment Methods Working Group (PMWG)

External Charges, Cost Management & Financial Standards

  • Commercial Fuel Working Group (CFG)
  • IATA Industry Taxation Working Group (ITWG)
  • Industry Accounting Working Group (IAWG)​​
  • Airports Working Group (AWG)