SHANGHAI, May 14 (Xinhua) -- The Shanghai International Arbitration Center (SHIAC) has launched a project to reduce the cost of dispute resolution for airlines and help them resume full-scale business.
From May 12 to Dec. 31, commercial disputes between airlines and different parties in the air transport industry, including airlines, airports, aircraft leasing companies, and sales agents, can be submitted in writing to the Shanghai International Aviation Court of Arbitration for settlement.
Under the project, the court of arbitration will charge a case registration fee of 1,000 yuan (about 140 U.S. dollars) for mediation cases and reduce arbitration fees for arbitration cases.
Hit-hard by the global spread of COVID-19, the aviation industry has been severely affected and a large number of aviation disputes need to be resolved.
The Shanghai International Aviation Court of Arbitration, jointly established by the International Air Transport Association, the China Air Transport Association and SHIAC, is the facility that specializes in disputes arising in the air transport sector.