IATA Current Affairs - 2020
India and Lao PDR have signed civil aviation cooperation agreement for providing SkyRev360, a comprehensive e-data gathering, invoicing and collection system.
The agreement was signed between Airports Authority of India (AAI) and Lao Air Traffic Management, Department of Civil Aviation.
SkyRev360 is fully automated and comprehensive data gathering invoicing and collection service system. It has been developed by AAI in collaboration with International Air Transport Association (IATA) under the Government’s Make in India initiative. It helps to eliminate inaccuracies errors and delays for better revenue management with less manual processing. It was launched in February 2017 by AAI.
It helps airport operators world-wide in avoiding revenue leakages, reducing redundancies, disputes and easy integration with all external systems. It also helps in curtailing the debt collection period to the minimum.
Data gathering and processing module: It can ensure essential data of invoices latest and most complete.
Invoicing module: It maintains all account attributes and allows for extensive view of associated data, including aircraft specifications, flight movements, billing ledger records, etc.
Collection: Its all data collections are managed with IATA Enhancement & Financing Services (E&F) process, which offers efficiencies and automation to air navigation service providers (ANSPs) and airlines by settling through IATA Settlement Systems.
Airline queries: All queries and disputes related to billing and collection from your air operators are handled by IATA team.
Dashboard and reports: It continuously reports incidents, airspace usage, traffic volumes, economic values etc.