Fi­navia and Cap­i­tal Air­ports Hold­ing Com­pany es­tab­lish sis­ter air­port re­la­tion­ship

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Fin­nish air­port op­er­a­tor Fi­navia and Cap­i­tal Air­ports Hold­ing Com­pany (CAH), the largest air­port op­er­a­tor in China, signed a MoU on the Es­tab­lish­ment of A Sis­ter Air­port Re­la­tion­ship in Bei­jing in Jan­uary 2016. The MOU es­tab­lishes ex­ten­sive col­lab­o­ra­tion be­tween Fi­navia Cor­po­ra­tion and CAH, the first ac­tion be­ing a sis­ter air­port agree­ment be­tween Helsinki Air­port and the big­gest air­port in Asia, Bei­jing Cap­i­tal In­ter­na­tional Air­port. Fi­navia is the first Euro­pean air­port op­er­a­tor to con­clude such agree­ment with CAH.

Geneva–The In­ter­na­tional Air Trans­port As­so­ci­a­tion (IATA) an­nounced it is ex­pand­ing its ac­tiv­i­ties to pre­vent pay­ment fraud in the air travel in­dus­try. Pay­ment fraud costs the in­dus­try an es­ti­mated $858 mil­lion an­nu­ally, ap­prox­i­mately $639 mil­lion of which is borne by air­lines and the re­main­der by other par­tic­i­pants in the travel value chain, in­clud­ing travel agents. “Our part­ner­ship with Yp­silon Net AG brings a mod­ern fraud preven­tion so­lu­tion that meets the needs of both air­lines and travel agents to re­duce fraud and in­crease the con­fi­dence in gen­er­at­ing new sales via all avail­able dis­tri­bu­tion chan­nels,” said Aleks Popovich, IATA’s Se­nior Vice Pres­i­dent Fi­nan­cial and Dis­tri­bu­tion Ser­vices. By ac­cess­ing in­for­ma­tion avail­able in global dis­tri­bu­tion sys­tems, IATA Ar­gus is able to de­tect sus­pect trans­ac­tions from as early as the book­ing re­quest stage, and flag them or even can­cel them as ap­pro­pri­ate.

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