Finavia and Capital Airports Holding Company establish sister airport relationship

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.