IAG goes for Amadeus

Spanish-centred global travel industry technology group Amadeus has signed a new long-term content agreement with London-based IAG (International Airlines Group), one of the world’s largest airline groups.

The agreement, which covers British Airways, Iberia, and Iberia Express, allows Amadeus subscribers to continue to benefit from accessing the same level of fares, availability and functionality as previously. In another move IAG has loaned out its entire €550m (£435m) stake in the airline booking system as part of a hedging operation to lock in its soaring value.  Amadeus shares have jumped by more than a third in the past 12 months – versus a fall in Spain’s Ibex index of more than 15%.
 
Amadeus plays a critical role in the distribution space ensuring global reach to travel agencies across the world.  Today 80% of Amadeus bookings worldwide are made on airlines with which Amadeus has a content agreement.  Customer groups include travel providers (e.g. airlines, hotels, rail and ferry operators, etc.), travel sellers (travel agencies and websites), and travel buyers (corporations and travel management companies). www.ba.com www.iairgroup.com www.amadeus.net

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