The International Air Transport Association (IATA) has announced that it is postponing the implementation of the New Generation of IATA Settlement Systems (NewGen ISS) that had been scheduled for October 16 to a later date.
In a notice to travel agents, IATA stated that the revised New Gen ISS implementation date will be communicated to the market once fixed.
This came at a time when the industry was preparing for the migration. Reacting to the announcement, KATA CEO said” We don’t know why IATA has decided to postpone the implementation date. No explanation has been provided and therefore we shall be reaching out to IATA seeking to understand why they arrived at this decision.” This will however give our members more time to prepare for the migration.
Meanwhile, IATA has announced that changes to the Local Financial Criteria that were discussed and approved by the APJC in April this year have been adopted. The new LFC will take effect at the time of implementing NEWGEN ISS.