Highway to Hell Yeah

Amadeus secures nine year loan from Europe



Amadeus has secured a 200 million euro loan from the European Investment Bank for development in IT for airlines, airports, hotels and rail between now and 2014.


The loan, which has a nine year maturity, will be available from 24 May and will be used by Amadeus to finance the research & development of a variety of IT projects.


The EIB is the long-term lending institution of the European Union and is owned by its member states. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.


Luis Maroto, president & CEO, Amadeus said: "We feel this is further proof of our long-term commitment to developing innovative customer-focused solutions such as our airline IT platform, the Altéa Suite, which is now used by 107 of the world’s leading airlines.


"We will use this €200 million loan to continue developing world class IT solutions that will revolutionise the travel industry."


Altea is a community based airline IT platform that covers reservation, inventory management and departure control.

Tuesday, May 22, 2012



Your Comments

, be the first to post a comment.
Your email:






Email other comments made to this story
Code Request a new picture 5 characters



NOTE: Comments are subject to admin approval before being posted.
Mole Poll
Have you had any cancellations yet due to the Zika virus ?
NO 62.78 %
YES 37.22 %

Thank you for your vote



Get Adobe Flash player
LATEST MOLES' GALLERIES
UPCOMING EVENTS
Sponsored features

Discover the Eastern & Oriental (E&O) Hotel in Penang



Established by the famed Sarkies Brothers in 1885, the Eastern & Oriental (E&O) Hotel in Penang is the only hotel in the heart of the George Town UNESCO World Heritage Site that possesses prime sea frontage. Today, the luxurious 228 all-suite hotel stands as the grand dame of heritage hotels, its distinctive classic elegance and grace of service enhanced with time.

For more information, visit www.eohotels.com

\m