IATA-SETTLEMENT

IATA settlement aligned on orders.

Definition

Settlement with Orders is a workstream within IATA Modern Airline Retailing. Replaces TKT (Ticket Document) and EMD (Electronic Miscellaneous Document) pair with financial messages tied to an Order: OrderPaymentNotif, OrderServiceFulfillment, OrderInvoice. Pilots underway with Level 4 NDC airlines including Lufthansa, KLM, Iberia. Targets BSP 2026-2030 complete transition. Synchronisation with OneSource (Aviation Marketplace).

Origin

Concept introduced by IATA 2017 ; pilots launched 2021 ; broad deployment target 2026-2030.

Example in context

Lufthansa and KLM pilot a Settlement with Orders flow for interline itineraries, eliminating separate EMD-S and EMD-A issuances from the ticket.

Related terms

• BSP IATA Settlement — current model to replace.