The move is expected to take staff numbers in Montreal to more than 400, with the addition of 27 full-time jobs—some newly created, others relocated from Geneva, Switzerland.
IATA’s Director General and CEO Alexandre de Juniac said the decision to expand its operations in Montreal was an important strategic move for IATA, which has been headquartered in Montreal since 1945: “Led by the presence of ICAO, Montreal is one of the world’s great civil aviation hubs and a cost-competitive place for us to conduct our global business operations. In 2015 we moved the leadership of our Airport, Passenger, Cargo and Security Division to Montreal. And this latest move will enhance our presence even further.”
IATA’s financial settlement systems are the back office of the airline industry
The expansion is part of the creation of a Global Delivery Center (GDC) where the back office functions for IATA’s Financial Settlement Systems (FSS) have been consolidated into four locations. This allows IATA to better meet increasing expectations of airlines, travel agents, and freight forwarders using the FSS, which manages more than $400 billon of industry settlements annually.
“IATA’s financial settlement systems are the back office of the airline industry. They facilitate the selling, reporting, and remittance procedures of IATA-accredited passenger and cargo sales agents with some 400 participating airlines. Montreal will play a key role in the GDC, which also includes Beijing, Madrid, and Singapore. Working together across these locations, the GDC will ensure that the airline value chain benefits from the game-changing innovation that are transforming the financial services industry,” said de Juniac.
“The expansion of IATA’s Montreal head office will bring several high-talent professionals to the city and contribute significantly not only to the Montreal aviation hub but also to the Montreal economy,” said Hubert Bolduc, President and CEO of Montréal International. “It also helps reinforce Montreal’s leadership position as the third largest aeronautical centre in the world, after Seattle and Toulouse.”