Trading air cargo capacity online
Air charter broker Avico has started listing freighter capacity with the online marketplace Airblox, a fintech platform which enables brokers, freight forwarders and airlines to trade cargo capacity in the form of standardised electronic block space agreements (EBSAs).
A block space agreement (BSA) is the purchase of an agreed capacity or space on the flight of an airline or a carrier. Buyers looking for any amount of cargo capacity can use Airblox’s EBSAs to bid for, buy out right, or block space from the holder of a BSA.
“This is a collaborative alliance as we create the world’s first digital cargo capacity exchange, where air cargo capacity can be traded as EBSAs,” said Edip Pektas, founder, Airblox. (cj)