corporate_banner_en

Amadeus: second loan to deliver further innovation in travel

Projects
Regions
European Union
Enlargement countries
Turkey
Iceland
Western Balkans
European Free Trade Association
Mediterranean Neighbourhood
FEMIP Overview
Supporting pan-Mediterranean initiatives
Financing & advice
FEMIP Loans
Private equity
Advisory & technical assistance
FEMIP Support Package
Procurement
How to apply
Trust Fund
Technical assistance
Private equity
Global dialogue
Partnerships
Organisation and staff
FEMIP Internship Programme
FAQ - FEMIP
EU Eastern Neighbours
Projects
Cooperation with other institutions and organisations
Financing facilities
Trust fund
Institutional framework
Applying for loans
Organisation and staff
Central Asia
Institutional framework
Cooperation with other institutions and organisations
Financing facilities
Technical assistance and grants
Applying for loans
Organisation and staff
Sub-Saharan Africa, Caribbean and Pacific
Funding and Financial Instruments
Applying for loans
Cooperation with partners
Investment Facility
Other initiatives
Activities
Asia and Latin America
Priorities
SMEs
Innovative options
Loans
Microfinance
EU partners for SMEs & mid-caps
Non-EU partners for SMEs & mid-caps
RDI support
Equity investment
Regional development
Climate Action
Urban & natural environment
Innovation
Skills and Jobs
Trans-European Networks
Transport
Energy
Project Cycle
Applying for a loan
Appraisal
Procurement
Monitoring
Projects to be Financed
Explanatory notes
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin & Central America
Breakdown by sector
Projects Financed
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin America
Breakdown by sector
Multi-criteria list
Operations Evaluation
Organisation and Programme
Programme
Methodology
Criteria
Rating scale
Process
Reports
Operations
Overview
Publications and reports
Cooperation and Coordination
ECG
European Financial Institutions
European Commission
Contacts

Amadeus: second loan to deliver further innovation in travel

  • Available in: de en es fr
  •  Release date: 29 April 2013
  •  Reference: 2013-058-EN
Amadeus receives unsecured loan of €150 million with a nine year maturity to finance R&D activities in its Distribution business line between 2013 and 2015

The European Investment Bank (EIB), the European Union’s long-term financing institution, has granted a second loan for Amadeus IT Group, S.A., subsidiary of Amadeus IT Holding S.A. (Amadeus: “AMS.MC”), a leading technology partner for the global travel industry, with the latter acting as the guarantor of the transaction.

The unsecured loan of €150 million has a nine year maturity. It will be used by Amadeus to finance research and development (R&D) activities in its Distribution business line between 2013 and 2015.  

This loan is in addition to a previous €200 million loan received by Amadeus from the EIB in May last year, which had a nine year maturity and was made available to finance the R&D of a variety of projects in the IT Solutions business line between 2012 and 2014.

The EIB is the long-term lending institution of the European Union and is owned by its member states. The EIB Group will significantly step up its lending activities for the 2013 to 2015 period to support the recovery of growth in Europe. Following the Member States’ 2012 decision to increase the EIB’s capital, the EIB will lend an additional €60 billion over the next three years to promote sustainable growth and jobs, bringing annual lending volumes to €65-70 billion.  One such goal is to promote the implementation of the knowledge economy, such as education, R&D and innovation.

Continued investment in innovative travel technology solutions is central to the Amadeus ethos. Approximately €2.4 billion was invested in R&D between 2004 and 2012, with €414 million invested in 2012 alone, representing 14.2% of revenues. Amadeus has sixteen R&D centres globally, currently housing over 4,500 people, and many of these are European based, including the central R&D centre in Nice, plus London, Antwerp, Aachen, Frankfurt, Strasbourg, and Warsaw.

Philippe de Fontaine Vive Curtaz, Vice-President, European Investment Bank says:

“This development loan to Amadeus follows on the success of the previous loan, announced in May last year.  Again this is in line with our objective of making long-term finance available for sound investment in order to contribute towards EU policy goals. Amadeus’ pedigree in developing successful IT solutions and commitment to innovating in the travel industry is unquestionable. We are confident this helps to fulfill the objective of ensuring that Europe’s knowledge economy remains world-beating.”

Luis Maroto, President & CEO, Amadeus comments:

“We are deeply proud to be able to announce, for the second time and within less than a year, that Amadeus has received funding from the prestigious European Investment Bank.  We consider this the highest form of recognition for our long-standing commitment to developing innovative customer-focused solutions. The €150 million will be invested in the development of our Distribution business line; it will allow us to continue to revolutionise travel reservation systems for both travel intermediaries and for travel providers, such as airlines, hotels, and railways.”

In recent years Amadeus’ R&D efforts have been particularly focused on: extremely high performance transaction processing under stringent system availability and dependability requirements; information mining from very large data-bases; super-responsive travel search engines; multi-channel customer servicing applications (agent desktop, web, kiosk, mobile, tablets); or pioneering the use of open systems, among many others.

Previous examples of Amadeus’ successful approach to R&D include the development of the Amadeus Altéa Suite, a community-based airline IT platform that consists of three modules covering reservation, inventory management and departure control – which is currently used by 110 airlines, including some of the world's leading airlines, and last year processed 563 million Passengers Boarded (PB).

Further proof of Amadeus’ status as a leader in R&D was confirmed late in 2012 when it once again maintained its sector rankings as one of the leading companies in Europe for investment in R&D by the European Commission (EC). The 2012 EU Industrial R&D Investment Scoreboard, an annual report published by the EC, examined the largest 1,000 European companies investing in R&D during 2011 and ranked them according to the total amount invested. Amadeus gained a number one ranking in the area of travel and tourism.



 Print
 Pdf
Copyright © European Investment Bank 2014
The European Investment Bank is not responsible for the content of external internet sites.

http://www.eib.org/projects/press/2013/2013-058-amadeus-second-loan-to-deliver-further-innovation-in-travel.htm