IBS Software (IBS), an IT solutions provider for global aviation industry, has signed a 7-year contract with Korean Air to manage the airline’s cargo system.
IBS will implement its cargo management solution, iCargo, to manage the cargo business functions of Korean Air. Korean Air will migrate from its existing legacy core system and a multitude of satellite systems, to an integrated new-generation platform.
The iCargo system will place the scope of business operations of Korean Air – reservation, sales, terminal operations management and revenue accounting – into a single integrated platform.
This will enable Korean Air to upgrade several value-adding capabilities in various areas, such as revenue and yield management, product management, real time shipment monitoring and control, and advanced technology capabilities like enterprise mobility, to elevate its cargo business and operations to a much higher level of efficiency.
Cho WonTae, president of Korean Air, said: “The iCargo technology platform will help us better respond to the demands of the fast changing logistics environment and improve the value we offer to our customers.”
The iCargo platform will enable Korean Air to align itself to industry-driven standards and best practices such as eAWB and CXML.
Korean Air owns 161 aircrafts and operates scheduled flights to 123 cities in 43 countries worldwide, including 13 cities in Korea.
IBS said its iCargo solution supports the IT needs of air cargo management in an integrated platform and can be tailored to suit specific customer needs. iCargo powers cargo movements of nearly 30 airlines across the globe.
V K Mathews, executive chairman of The IBS Group, said: “We invest in innovative offerings for the airline industry, to deliver outstanding business benefits and ensure our customers stay ahead in a fast-changing disruptive environment.”