In today’s scenario, 70% of air tickets are bought on online travel agents portals. Price and Schedule are the only two criteria on which today user chooses between his flights. With AT’s (Airlines Technology) NDC initiative, the end user will be able to buy meal, extra leg room, priority boarding, free lounge, limo pick & drop, check-in seat etc. directly from travel agent’s portal. All these offers will transparently come directly from Airlines, saving huge intermediately cost, boosting their sales revenue and loads of rich content to end users.
NDC (New Distribution Capability) will enable the travel industry to transform the way air products are sold to corporations, leisure and business travellers, by addressing the industry’s current distribution limitations: product differentiation and time-to-market, access to full and rich air content and finally, transparent shopping experience.
Varun Bansal , Director, Airlines Technology (AT) is a passionate entrepreneur, investor and well known in wealth management circle. He is managing all business operations of Airlines Technology. He founded AT along with his wife Smriti and brother in law Paras. Varun Bansal is also a financial service professional with over 12 years of experience in the industry. Before turning entrepreneur and investor, he served as Senior Vice President at Globe Capital Market Limited. He has worked with IIFL (IndiaInfoline), Indiabulls and HCL Technologies also. Varun is closely working on mentoring two more startups Snicview.com and 7billionislands.com. He has done MBA from Mumbai and B.Com(H) from Delhi.
Smriti has over 12 years of experience in technology and service management. She is using her past experience in content management system design and development to complete this awesome component of our solution.
Paras the travelling software innovator has over 8 year experience in IT industry. He knows how to manage the data flowing between airlines and travel agents, and knows what it takes to aggregate it all.
Airlines Technology (AT) is in talks with Matt Zito of Travel Startups for first round of funding.
Expansion Plan
They are planning to become leading air ticketing aggregator for Asia pacific and UK. India’s huge global travel volume will be our asset. The company aim to cross more than 150 million transactions and 3% of global aggregation volume in next 5 years. With 3% volume, AT will cross USD 200 million in revenues. The company claims to be very conservative and talks about extremely safe figures.
Airlines Technology plan to have their offices in UK, USA, UAE in coming times.
Business Model
The revenue will come from 4 things –
1. CONTENT
Provide an airline specific content management system. Cater for the complexity of air travel with multiple airline journeys, combinations of ground transportation and air travel, etc.
2. AGGREGATION
Aggregate content from multiple airlines for a single travel agency to have a comparison view of offerings. Further allow comparison sites (metasearch) to collect information from multiple airlines from a single source instead of individual sources.
3. AGENCY
Provide an agency portal for flight and product comparison, allowing agents to fully utilize the NDC product offerings made by airlines.
4. CMS
Provide CMS (Content Management Service) Tool and BAU support to Airline. Through this tool, they will manage all their Services and rich content to be displayed to various Travel Portals and their Website.
Whole focus of this initiative is to preserve interests on global airlines equity investors across industry. Airlines like Kingfisher, Spice jet are classic examples of how value in this business has been depreciating for decades. Increase in the productivity of distribution channels, strengthening net income and lowering operating costs of all airlines will help this cause. Smriti, Varun and Paras founded Airlines Technology (AT) in 2015. All 3 had common zeal to make something exponentially scalable and that adds value to end-user. Airlines Technology is headquartered in Gurgaon and team spread across various parts of India, Australia and Switzerland.
Airlines Technology, is an IT solution provider, working closely on International Air Transport Association (IATA)’s affiliated NDC initiative.
