IBS signs seven year contract with Korean Air to implement iCargo system

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February 7, 2018: IBS Software (IBS), the IT solutions specialist for aviation industry has recently entered into a seven years contract with Korean Air, a leading airline in the air cargo industry, to manage its end-to-end cargo system.

According to the contract, IBS will be implementing its award winning cargo management solution, iCargo, which will optimise the end-to-end cargo business performance of the Korean Air.

With implementation of the iCargo tool, Korean Air will migrate from its existing legacy core system and satellite systems, to a fully integrated New-Gen technology platform.

The iCargo system will offer the full scope of business operations for the Korean Air, including reservation, sales, terminal operations management and revenue accounting into a single integrated platform.

It will enable the airline to upgrade several value-added capabilities, 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.

The iCargo platform will also enable Korean Air to sync with industry-driven standards and best practices, such as eAWB and CXML.

Currently, Korean Air owns 161 aircraft, and operates scheduled flights to 123 cities across 43 countries, including 13 cities in Korea.

The highly modular iCargo solution of IBS supports all the IT need of air cargo management in a single, fully integrated platform, which can be tailored to suit specific customer needs and priorities.

Capable of addressing the needs of all kinds of cargo operations — large or small, combination or pure freighter, LCC or full service, iCargo powers the cargo movements of nearly 30 leading airlines across the globe, making it the leading cargo management solutions for the air transportation industry.

Cho WonTae, president of Korean Air said, “By selecting iCargo as our technology platform, we expect to better respond to the demands of the fast changing logistics environment, and improve the value we offer to our customers.”

V K Mathews, executive chairman, The IBS Group said, “By being selected as a partner of Korean Air, which is one of the most respected cargo carriers in the world, highlights IBS’ ability to build and deliver industry leading IT solutions to global conglomerates known for exacting standards. IBS continues to invest in innovative offerings for the airline industry, to deliver outstanding business benefits, and ensures our customers stay ahead in a fast-changing disruptive environment. The partnership with Korean Air is testimony to our commitment to the Korean market, which signals our growing footprint in the Asia Pacific region.”

Read also: IBS signs multi-year contract with Middle East Airlines
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