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.
Diane
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.

































CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers
Air Mauritius reduces frequencies to Europe and Asia for the holiday season