Airline Reporting Corp. (ARC Bond)
Airline Reporting Corp. bonds, as know as ARC bonds, are required of travel agents that want to ability to purchase airline tickets for the clients. The bond guarantees that the travel agent will pay for the airline tickets purchased. ARC bonds are not to be confused with Travel Agent bonds. Travel Agent bonds guarantee all booking of the travel agent, not just the airline tickets.
These bonds typically require business and personal financial statements in order to obtain the preferred rates.