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IATA adopts foundation standard for new distribution capability

IATA adopts foundation standard for new distribution capability
eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.

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IATA achieves key NewGen ISS milestone

IATA achieves key NewGen ISS milestone
eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.

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NewGen IATA Settlement Systems will modernize, transform agent-airline settlements

The International Air Transport Association (IATA) announced that the Passenger Agency Conference (PAConf), composed of IATA’s member airlines, adopted Resolutions for the full implementation of the New Generation of IATA Settlement Systems (NewGen ISS) initiative. NewGen ISS represents the most extensive and ambitious modernization of the IATA Billing and Settlement Plan (BSP) since it was created in 1971 to facilitate the global distribution and settlement of funds between travel agents and airlines. Last year, the BSP processed $219 billion in airline funds with 100% on-time settlement.
“Implementation of NewGen ISS is a critical step forward by the global air transport industry in ensuring that the BSP continues to serve the industry’s financial settlement requirements for years to come. It is the culmination of a multi-year engagement with participants in the air travel value chain, including airlines, travel agents, and IT and system providers. It will bring greate ....

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Who's Who: Muhammad Ali Albakri, IATA senior vice president for customer, financial and digital services

Who's Who: Muhammad Ali Albakri, IATA senior vice president for customer, financial and digital services
arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.

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Astounding Happenings in Washington Spur Personnel Changes - Latest industry shipping news from the Handy Shipping Guide

Astounding Happenings in Washington Spur Personnel Changes
Staff Appointments and Departure News This Week
US – The first round-up of appointments for 2021 was meant to start with President-Elect Joe Biden’s nomination of former Mayor of South Bend, Indiana, Pete Buttigieg, to the role of Secretary of the US Department of Transportation, but continuing on from the 2020 trend of astounding events, current Transportation Secretary Elaine Chao has announced her resignation in the wake of Trump’s response over the insurrection of the US Capitol by pro-Trump rioters.
Jumping ship a mere 9 days before Biden’s inauguration, Chao s resignation will take effect from January 11, but she said she will help Buttigieg with his transition into the role. ....

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