IATA adds quotation and reservation function to IATA net rates – IAG Cargo is the first to integrate the solution



Geneva – The International Air Transport Association (IATA) has added a “quote and reservation” function to the IATA net rates. This allows airlines to offer forwarders dynamic pricing for booking their shipments. IAG Cargo, the cargo division of International Airlines Group (IAG), is the first carrier to integrate this new functionality.

“The pandemic has accelerated the appetite for digitization in the air cargo industry. The new IATA Net Rates ‘Quote and Reservation’ feature simplifies and speeds up the process of distributing and reserving fares between airlines and freight forwarders, saving valuable time by eliminating manual and labor-intensive processes. of work. We are delighted to extend our net fares partnership with IAG Cargo to support their efficient freight fare distribution and reservation capabilities, across the various airlines of the group, ”said Frederic Leger, Senior Vice President of Acting for Commercial Products and Services, IATA, and President, SNC.

The Net Rates platform can be accessed via Net Rates online or integrated with customer systems, accelerating the distribution of tariffs in the marketplace while simplifying and reducing the cost of tariff processing procedures.

“We are delighted that IATA Net Rates has added a quote and reservation feature. This is great news for freight forwarders. We are finding that customers around the world want more and more choice and flexibility to book their freight on our network. This expansion is timely for IAG Cargo as the network capacity increases, ”said John Cheetham, Commercial Director of IAG Cargo.

The “quote and reservation” function is initially available for freight forwarders reserving IAG Cargo capacities in Canada, Ireland, Kenya, Mauritius, South Africa, Tanzania, Uganda, the United States and Vietnam, and will expand to other markets in the coming weeks. The solution supports bulk cargo and ULD pricing, general, express and perishable shipments, as well as bulk space allocations and agreements.

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