International Air Transport Association (IATA) Selects Interoute Cloud for Its Industry Settlement Systems and Services

International Air Transport Association (IATA), the trade association for the world’s airlines, has selected Interoute as its preferred ICT partner. Interoute will become the hosting and managed services provider for a critical set of IATA’s Industry Settlement Systems and Services, as well as delivering DDoS protection and security consultancy.

IATA is a not-for-profit organization, currently representing some 265 airlines worldwide, which equates to 83% of total air traffic. From its offices in 53 countries around the world, IATA works with its members to make air transport safer, more profitable and efficient through the implementation of global standards and solutions. As part of its remit to serve the air transport industry, IATA develops and operates many critical financial systems and applications.

Interoute Virtual Data Centre (VDC) would enable IATA to sustain its critical applications and systems providing settlement services for airlines across the globe.

iata interoute cloud“As an international organization running highly critical applications for the aviation industry, we are excited to have found in Interoute a global cloud provider who can support our broad set of Information Communications Technology (ICT) needs in Europe,” said Pascal Buchner, CIO of IATA. “Interoute’s infrastructure brings us the scale and reach vital for us to provide a best in class service to airlines.”

Interoute will host IATA’s Europe operations in its Geneva and Zurich VDC zones. Two applications are already in the on boarding process, the first of which is the ‘IATA Clearing House’ (ICH). This would provide fast, secured and cost-effective settling of accounts between the world’s airlines, airline-associated companies and Travel Partners.

interoute vdcIn 2015, the ICH processed $54.3 billion in billing transactions, with a settlement success rate of 99.99999%. The second is the ‘IATA Remittance and Settlement Integrated Solution’, which processes the collection and settling of billing amounts due.

“Interoute VDC offers a global cloud of integrated network and compute resources, across 17 Interoute VDC zones in Europe, North America and Asia,” said Matthew Finnie, CTO of Interoute. “Its scalable computing capability delivered globally, combined with its ability to restrict data and applications to specific geographies is exactly the environment IATA required. We are delighted to bring them on board and act as a true partner, driving value and innovation for IATA and the airlines it serves.”

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