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A billing and settlement plan (BSP) (also known as "Bank Settlement Plan") business process is an electronic billing system designed to facilitate the flow of data and funds between travel agencies and airlines. The advantage of such an intermediary organization is that instead of each travel agency having an individual relationship with each ...
Air China was the first Chinese airline to adopt the IATA EMD standard in 2010. [2] The list of airlines having implemented the IATA EMD standard is disclosed by IATA on IATA e-services project page. [3] At the end of 2014, the IATA EMD standard document had been issued and processed in 82 IATA BSP by more than 130 airlines.
A miscellaneous charges order (MCO), also known as miscellaneous purpose document (MPD), [1] is an accountable IATA document, similar to an old-style airline ticket, used to process the payment of travel arrangements. They are issued by airlines, but normally pay for services other than airfares.
ARC was established on September 17, 1984, as a privately held company following airline deregulation in the United States. The corporation began operations on January 1, 1985, in Washington, D.C., settling financial ticket transactions between airlines and travel agencies.
In 2004, IATA Board of Governors set the end of 2007 as the deadline for airlines to make the transition to 100% electronic ticketing for tickets processed through the IATA billing and settlement plan; [4] in June 2007, the deadline was extended to May 31, 2008.
However, with the advent of online booking, passengers are usually unaware of who their validating carrier is. The only way to tell who the validating carrier is for a passenger to check the first three digits of his/her ticket number after booking the ticket. Airlines who are members of ARC or IATA BSP have their own prefix for airline tickets.
IATA ICAO Airline Call sign Country Comments GML G & L Aviation: GEEANDEL South Africa DBC Gemini Air Group: DIAMOND BACK United States Allocated in 2014 [1] GOP Gospa Air: GOSPA AIR Mexico HGT GMJ Air Shuttle: HIGHTECH United States Private air shuttle for Intel Corporation Employees GRE Greenlandcopter: Denmark GMQ Germania Express: CORGI ...
The International Air Transport Association (IATA / aɪ ˈ ɑː t ə /) is an airline trade association founded in 1945. [5] IATA has been described as a cartel since, in addition to setting technical standards for airlines, IATA also organized tariff conferences that served as a forum for price fixing.