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Jet Airways selects Kale’s Zero Octa for audit services |
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Jet Airways selects Kale’s Zero Octa for audit services15-Jan-2010 |
Airline Code [JAI]
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Zero Octa’s audit services are used by over 35 leading airlines globally, and is considered by many to be the “best of breed” service provider in the revenue management, protection and revenue integrity service space. Zero Octa is the only audit vendor to be endorsed by IATA and is the preferred audit provider to the Star Alliance group of airlines. Jet Airways will benefit from Zero Octa’s global experience and strong operational presence in the region. Speaking on the occasion Mr. Sudheer Raghavan, Chief Commercial Officer, Jet Airways said, “Jet Airways has always believed in harnessing the best of breed solutions available in the market. Sales audit is a critical service, helping us minimise revenue leakage while preventing future leakages. As the leading service provider in this segment, we believe Zero Octa has the necessary expertise and domain knowledge to help us achieve our revenue management objectives.” Mr. Peter O’Sullivan, Head of Business Development at Zero Octa said, “We are delighted to work with Jet Airways. With airlines around the globe facing tough times, revenue protection and recovery has become a must-have requirement. Our quality of service, dedicated management, and ability to identify high levels of recoverables will certainly help airlines, like Jet Airways, add to their bottom line. Complex fare structures, inability to manage large volumes of data, and inefficient controls necessitate an effective and comprehensive Passenger Sales Audit service. Zero Octa's sales audit is aimed at helping airlines plug such revenue leakages and significantly transform their balance sheets. This service is carried out by Zero Octa's expert team of IATA graduates. Such a service can help recover between 1% and 3% of an airline's agency sales through a comprehensive and complete audit which identifies and recovers errors related to fares, taxes and commission errors, as well as other errors and abuses in the system.
(c) Centre for Asia Pacific Aviation. Date posted: 15-Jan-10 In-depth analysis of the Indian airline and airport sectors, including latest traffic and financial reports and outlooks, is available each month in the Monthly Essential India. http://centreforaviation.com/minisites/mei/
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