Search results
Results From The WOW.Com Content Network
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 ...
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. [6] [7]
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.
Since 2009, IATA Board of Governors endorsed the replacement in IATA BSP (for GDS agents sales) of current Virtual Miscellaneous Charge Orders (VMCO) and Virtual Miscellaneous Multi-purpose Documents (VMPD) at the end of 2013 by 100% EMD. This mean that starting 2014, VMCO and VMPD should not be processed anymore by IATA BSP.
In 1987 Sabre's success of selling to European travel agents was inhibited by the refusal of big European carriers led by British Airways to grant the system ticketing authority for their flights even though Sabre had obtained IATA Billing and Settlement Plan (BSP) clearance for the UK in 1986.
In early August 2009, Somon Air joined IATA's (International Air Transport Association) IATA Billing and Settlement Plan. [2] [3] As of January 2013, the airline participates in 14 BSP countries. BSP is a settlement system designed to simplify the selling, reporting and remitting procedures between passenger sales agents and airlines globally. [3]
Former IATA code: QA; former ICAO code: AEK; former callsign: AFRICAN EXPRESS AK AXM AirAsia: RED CAP Malaysia ICAO code no longer allocated D7 XAX AirAsia X: XANADU Malaysia DJ WAJ AirAsia Japan: WING ASIA Japan defunct I5 IAD AirAsia India: ARIYA India Founded 28. Mar 2013: AXN Alexandair: ALEXANDROS Greece defunct AXP Aeromax: AEROMAX SPAIN ...
Travel agents remit collected fares and taxes to the plating carrier via Airlines Reporting Corporation (ARC) in the US, or Billing and Settlement Plan (BSP) in the rest of the world. The airline which actually carried the passenger (the operating airline) will send an invoice to the issuing/plating carrier, normally via IATA Clearing House, to ...