Tuesday, 13 November 2012

Lufthansa to use IBS solution for air cargo management


KOCHI: Technopark-based IBS Software Services (IBS) has won a major contract from European cargo airline Lufthansa Cargo AG to implement iCargo, an air cargo management solution developed by IBS.
The deal, supposed to be one of the largest in the air cargo industry, is also viewed as a significant achievement for the Indian IT industry. "We can confirm having signed the contracts with IBS," Matthias Eberle, director of communications of Lufthansa Cargo, replied to an email query of The Times of India. The company is planning a press conference with IBS in Thiruvananthapuram on November 25 to announce the deal.
IBS developed iCargo in collaboration with major airlines like South African Airways Cargo, Gulf Air, Air New Zealand Cargo, Qantas Freight and Australian Air Express. The solution helps airlines to improve cargo revenues and volumes, along with profitability and customer service, while cutting down operational costs. Other iCargo users include Austrian Airlines, Nippon Cargo Airways, All Nippon Airways and Tokyo International Air Cargo Terminal.
IBS, founded by Kochi-born V K Mathews in 1997, is also planning an Initial Public Offering (IPO) in 2013. The company had attracted $60 million (Rs 330 crore) investment from General Atlantic LLC, a US-based private equity and venture capital firm, in 2007. In the last decade, IBS acquired five companies in the US and UK.
Frankfurt-based Lufthansa, the largest scheduled cargo airline in Europe, handled 1,885 tonnes of cargo in 2011.

http://timesofindia.indiatimes.com/city/kochi/Lufthansa-to-use-IBS-solution-for-air-cargo-management/articleshow/17204244.cms

 

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