We’re excited to launch our new subscription-based fee model starting from just US$99 per route, per annum, to offer lower-priced entry points to our industry-leading market data.
Our data has become a benchmark for the industry, but historically, only larger, more highly capitalized businesses have been able to benefit from it. By launching our new pricing structure, businesses of all sizes can now use our data to improve their air cargo risk management.
This lower price point gives more market participants the flexibility to enter into Index-Linked Agreements (ILAs), which enable fairness and efficiency in pricing for the entire market during volatile periods. ILAs rely on highly accurate, financially compliant and time-stamped indices – with full transparency on calculation methodologies – which we have spent nearly 17 years developing under the UK Financial Conduct Authority’s guidelines.
Our Founder and Managing Director, John Peyton Burnett, believes this is a major milestone in broadening access to sophisticated air cargo risk management information tools. “We are determined to democratize access to TAC Index’s high-quality transactional data for pricing on major air cargo routes,” said Burnett. “Our new subscription model should help many more market participants to gain an accurate understanding of the market movements that matter to them, and to ultimately optimize their businesses through more effective risk management.”
Cameron Honarvar, Director of Finance, adds that the new subscription model is the latest example of how TAC Innovation is delivering leading risk management information services to the air cargo industry. “At TAC Innovation, we’re actively looking at the challenges facing the air cargo industry. We’re blending data science, blockchain and software expertise to create more tools to make air cargo risk management more efficient for all,” said Honarvar.
