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SITA Reports 2014 Revenues of US$1.7 Billion

Travel News Asia Latest Travel News Podcasts Videos Saturday, 20 June 2015

SITA has reported revenues of US$1.7 billion for 2014.

This consolidated group revenue, a rise of 4.3% over 2013, continues the organization on its growth trajectory.

Francesco Violante, CEO of SITA, said: SITA is stronger due to our long-term strategic vision and the investments made in recent years. We have made advances in the critical areas of portfolio developments, service excellence and collaborative innovation with our members and the wider air transport community. SITA continues to invest in our operations, service quality and our people, which together position us to reach our strategic 2020 vision.

The recent SITA AGA approved a number of changes to SITAs governance. Highlights of the approved recommended changes include strengthening the powers of the 34 member SITA Council on matters concerning SITAs structure and strategy, major transactions and substantive membership issues. The composition of the Board was also refined allowing for up to 11 Directors affiliated with member companies - an increase from the previous 10. The maximum number of Other Directors was reduced to two from the previous four. Greater transparency over changes in SITA leadership and the specifics of Board and Council nomination and representation as well as streamlining the AGA process were also approved.

Jappe Blaauw, SITA Council President, said, The comprehensive governance review and agreed recommendations are a testament to the strength and maturity of SITAs culture where members with diverse views can come together and constructively debate with open minds improvements that will benefit SITA, its members, and the Air Transport Community.

As a member based organization that is working collaboratively to transform the air travel experience, SITA is always looking for ways to provide enhanced offers to its 430 members. Today, additional member benefits were revealed which will help with efficiency, profitability and adoption of new services more easily. The four new member offers are:

SITA Air Traffic Control (ATC) messaging service access: This messaging service enables airlines to exchange air traffic control related messages with ANSPs (Air Navigation Service Providers) efficiently. It simplifies the process by removing the complexity and cost of connecting and adapting to several ANSPs. This offer makes the ATC messaging service available to members with no associated annual subscription.

Introduction to BagJourney for members seeking IATA Resolution 753 compliance: BagJourney enables airlines to track bags as required by the forthcoming IATA Resolution 753 (effective 2018). SITA will be introducing a rolling program of free evaluations of BagJourney for qualifying SITA members, with preferential member terms when contracting for on-going service.

Network application performance and service management consulting: SITA provides consultancy, with the use of specialized analysis tools, to enable airlines to optimize the performance of applications over their networks. Members contracting for new consulting engagements of this kind that are valued at $50K or greater will be entitled to a discount in the cost of the consulting activity.

Introduction to FLIFO API: SITAs FLIFO API (application programming interface) enables rapid development of new applications by providing easy access to structured, accurate flight information for application developers. This offer will provide qualifying members with free access to the API for three months, with preferential member terms when contracting for ongoing service.

These offers will be rolled out to members during Q3 2015. Additional member offers are expected to be announced later in the year.

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