The International Air Transport Association (IATA), announced the successful implementation of IATA’s Cargo Accounts Settlement Systems (CASS) in Russia in partnership with Russian bank VTB and Aeroflot.
CASS is designed to simplify the billing and settlement of accounts between airlines and freight forwarders. It operates through CASSlink, an advanced, global, web-enabled e-billing solution. At the end of 2016, CASS was operating in 93 territories serving airlines, general sales and service agents (GSSAs) and freight forwarding companies. The on-time settlement rate was 99.999%, settling a combined $26.4 billion.
“The implementation of the CASS in Russia is an important step forward. IATA’s
CASS is designed to simplify the billing and settlement of accounts between airlines and freight forwarders. It operates through CASSlink, an advanced, global, web-enabled e-billing solution. At the end of 2016, CASS was operating in 93 territories serving airlines, general sales and service agents (GSSAs) and freight forwarding companies. The on-time settlement rate was 99.999%, settling a combined $26.4 billion.
“The implementation of the CASS in Russia is an important step forward. IATA’s
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