Amadeus seals €200 million loan

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Luis Maroto, president & CEO of AmadeusTravel technology company Amadeus has secured a €200 million (£161m) loan from the European Investment Bank (EIB).

The loan will be used to finance Amadeus’ research and development activities on a variety of IT projects between 2012 and 2014, including those for the airline, airport, hotel and rail sectors.

“This €200 million development loan to Amadeus achieves our objective of making long-term finance available for sound investment in order to contribute towards EU policy goals. Amadeus’ commitment to innovation and proven track record in developing successful IT solutions fits naturally with our commitment to promoting the European knowledge economy,” explained the EIB’s vice president, Philippe de Fontaine Vive Curtaz.

 Amadeus’ president & CEO Luis Maroto said that the loan was “further proof of our long-term commitment to developing innovative customer-focused solutions such as our airline IT platform, the Altéa Suite”.

“We will use this €200 million loan to continue developing world class IT solutions that will revolutionise the travel industry,” he added.

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