IATA NDC distribution standard investor pulls out

Travel Capitalist Ventures (TCV) is withdrawing its investment partnership in IATA’s New Distribution Capability (NDC) innovation fund, it was announced Monday. IATA said TCV cited “severely deteriorating global economic and market conditions affecting early stage investments” for pulling out of NDC. “The process to identify a new investment partner is underway. No NDCIF investments have been made to date,” IATA said. The announcement is a setback for NDC, an IATA-led initiative to implement a new distribution standard for airlines globally. NDC has been picking up momentum the past year, with airlines joining pilot programs to test the standard and some rolling our early live deployments. In early February, Sabre deployed NDC to sell American Airlines’ preferred and extra legroom seats. <br/>