Blow for IATA as NDC in­vestor pulls out

Travel Daily ME - - News -

IATA's

New Dis­tri­bu­tion Ca­pa­bil­ity (NDC) pro­ject has suf­fered a blow af­ter the ven­ture's ‘In­no­va­tion Fund’ in­vestor pulled out. The as­so­ci­a­tion con­firmed this week that Travel Cap­i­tal­ist Ven­tures (TCV) has with­drawn from the NCD In­no­va­tion Fund (NDCIF) pro­ject, cit­ing "de­te­ri­o­rat­ing global eco­nomic and mar­ket con­di­tions". The NDCIF was aimed at en­cour­ag­ing travel start-ups to en­gage in the NDC pro­gramme and de­velop new air­line tech­nol­ogy so­lu­tions.

IATA said it is seek­ing a new in­vest­ment part­ner, and that it will "con­tinue to look for op­por­tu­ni­ties to sup­port early stage com­pa­nies seek­ing to sup­port air­line dis­tri­bu­tion."

"We re­main strongly com­mit­ted to the NDCIF as a ve­hi­cle for pro­mot­ing in­no­va­tion around the NDC stan­dard and we are seek­ing a new in­vest­ment part­ner to sup­port its im­por­tant mis­sion," said Yanik Hoyles, IATA's NDC di­rec­tor. De­spite a rocky start, the NDC pro­gramme has gath­ered mo­men­tum in re­cent months.

In Fe­bru­ary, Sabre and Amer­i­can Air­lines started sell­ing ex­trale­groom and pre­mium econ­omy seats us­ing NDC stan­dards - a first for both com­pa­nies. NDC is a new XML-based con­cept launched by IATA to im­prove how air­line prod­ucts are sold via third party chan­nels.

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