Amadeus Obtains €200 M EIB Loan For Innovation In The Tourism Sector


The European Investment Bank (EIB) has granted Amadeus a €200 million senior loan, with no financial covenants. The maturity of the loan is between four and seven years from the date of principal drawdown if repaid in one instalment. This extends to up to twelve years if repaid regularly at the company’s choice. The loan’s principal will be used to finance research and development activities for a variety of new technology solutions for airlines, airports, travel agencies and railways. Amadeus will carry out this R&D in 2020-2021. This EIB loan is available in two maximum tranches at a fixed or variable interest rate, at the company’s discretion, to be established at the time of disbursement of each tranche.

Amadeus continues to raise financing in the current difficult situation. According to estimates by Renta 4, it would have almost 5 billion euros available cash. This seems a large amount and should allow the company to operate normally.

The technology provider for the tourism sector saw a 60.5% drop in profit in the first quarter of 2020 to 117.8 million euros from a year earlier, due to COVID-19.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.