Airline Solutions Glossary
- Accelya A technology provider of financial, retailing and settlement solutions for the airline industry.
- Air Travel The transportation of passengers and cargo by commercial or private airlines.
- Airline Commerce All activities involved in marketing, selling and distributing airline products and services.
- Airline Retailing How airlines market, sell and distribute flights, ancillaries and bundled offers across channels.
- Airline-First An approach that designs technology specifically for airline needs rather than adapting generic solutions.
- API (Application Programming Interface) A tool that lets different software systems communicate, powering airline bookings, payments and distribution.
- ASIL (Accelya Solutions India Limited) Accelya's publicly listed company in India, delivering financial, retailing and settlement solutions to airlines.
- AWS (Amazon Web Services) A cloud computing platform that gives airlines scalable infrastructure, data management and analytics.
- Bookings The process of reserving flights, seats, baggage and other ancillary services for passengers.
- BSP (Billing and Settlement Plan) An IATA system that centralizes and simplifies payments between airlines and travel agents.
- BSPLink IATA's online platform for BSP reporting, payment processing and dispute resolution.
- Digital Transformation The strategic integration of digital technologies to modernize airline operations, retailing and customer experience.
- Dynamic Offers Airline products and bundles personalized and priced in real time.
- End-to-End Platform A single technology ecosystem covering booking, orders, payment, settlement and revenue recognition.
- Farelogix An NDC technology pioneer, now part of Accelya, enabling airline offer creation and distribution.
- GDS (Global Distribution System) A computerized network connecting airlines with travel agencies for real-time booking.
- Global Business Travel (GBT) Corporate travel services that manage business trips worldwide.
- IATA (International Air Transport Association) The global trade association of airlines that sets industry standards.
- IATA SIS Services (Simplified Interline Settlement) IATA's platform that automates interline invoicing and settlement between airlines.
- Low-Cost Carrier (LCC) An airline business model offering lower fares by reducing costs and unbundling services.
- Modern Retailing A customer-centric, technology-driven approach to selling airline products.
- NDC (New Distribution Capability) A standard framework that modernizes how airlines sell and distribute their products.
- Offer Optimization Refining airline pricing, bundling and distribution with data to maximize revenue.
- Offer Order Management Creating, tracking and fulfilling airline offers and orders in an order-based retailing model.
- Offers Tailored airline products and bundles presented to passengers.
- Omnichannel Retailing A consistent airline shopping experience across every sales channel.
- Online Travel Agencies (OTAs) Digital platforms where travelers search, compare and book flights and travel services.
- OOSD (Offer, Order, Settle and Delivery) A comprehensive framework covering the entire airline retailing process, from creating offers to managing orders, financial settlement, and delivering services.
- Open Modular Platform A flexible framework that lets airlines combine and scale individual software modules.
- Order Accounting The financial process of reconciling and settling airline orders for accurate revenue recognition.
- Order Assurance Processes that ensure airline orders are accurate, secure and fully delivered.
- PSS (Passenger Service System) The core airline system for reservations, inventory and departure control.
- Retailing Marketing and selling airline products to consumers across multiple channels.
- Retailing Journey The end-to-end process of engaging travelers, presenting offers and delivering the trip.
- Retailing Transformation The airline industry's shift to a customer-first, technology-enabled retailing model.
- Revenue Accounting System A financial system that tracks, recognizes and reports airline revenue.
- SDK (Software Development Kit) A set of tools that helps developers build and integrate airline software.
- SIS (Simplified Interline Settlement) IATA's digital process for billing and settlement between airlines.
- SPRK A web interface that lets travel agents book and service NDC transactions.
- Travel Management Company (TMC) A service provider that plans, books and manages corporate travel for businesses.
- Travel Managers Professionals who oversee corporate travel programs, costs and policy compliance.
- Travel Partners Organizations that collaborate with airlines to sell and distribute their services.
- Travel Sellers Businesses or individuals that resell airline tickets and ancillaries to travelers.