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Innovation: Amadeus receives €200 million loan from European Investment Bank

Francisco Urbano

Director Group Treasury & Corporate Finance, Amadeus IT Group

Today we have announced that Amadeus has been granted a €200 million loan for innovation by the European Investment Bank (EIB).

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The loan will be used by Amadeus to finance the research & development of a variety of projects in the area of IT for airlines, airports, hotels, and rail between 2012 and 2014.

The EIB is the long-term lending institution of the European Union. It makes sound investments that contribute towards EU policy goals – such as promoting the knowledge economy.

Continued investment in innovative IT solutions is central to the Amadeus ethos and we invested approximately €2 billion in R&D between 2004 and 2011.  Globally we have sixteen R&D centres, currently housing over 4,000 people.

Speaking about the loan, Philippe de Fontaine Vive Curtaz, Vice-President of the European Investment Bank said:

Amadeus’ commitment to innovation and proven track record in developing successful IT solutions fits naturally with our commitment to promoting the European knowledge economy.

And our President & CEO, Luis Maroto, also commented:

We are honoured to be recognised by an institution as prestigious as the European Investment Bank.  We feel this is further proof of our long-term commitment to developing innovative customer-focused solutions and will use this €200 million loan to continue developing world class IT solutions that will revolutionise the travel industry.