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IATA - Clearing HouseInternational Air Transport Association
XB
Country of registration
Address
Canada, Montreal, 800 Place Victoria, P.O. Box 113, H4Z 1M1
The International Air Transport Association (IATA) Clearing House is a financial settlement system for the aviation industry. Founded in 1947, it provides a secure and efficient platform for airlines to exchange funds for services such as ticket sales and cargo shipments. One advantage of using IATA Clearing House is its ability to centralize payments and reduce credit risk for airlines. However, the pricing policy is not necessarily cheap for the average traveler as it is a service for airlines, not consumers directly. Despite certain drawbacks, IATA Clearing House has played an essential role in the aviation industry for over 70 years.
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