Published on : Saturday, January 11, 2014
Estonia Air has sold its stake in AS Amadeus Estonia (60% share), which provides Estonian travel agencies with booking systems and support, to Amadeus IT Group, S.A. The rest of the shares of Amadeus Estonia belongs to Finnish ticket booking company Amadeus Finland OY (35%).
“The sales of our share in Amadeus Estonia is a next step of the restructuring process, whereby we have decided to divest our non-core assets and shares that are not directly related to our core business,” said Jan Palmér, the CEO of Estonian Air.
Information on Estonian Air
Estonian Air is aiming to provide Estonia with reliable and regular double daily connections to destinations of strategic importance and of substantial demand. Estonian Air, Estonia’s national carrier, is the biggest operator at Tallinn Airport. The airline flies regular routes to Stockholm, Copenhagen, Amsterdam, Brussels, Oslo, Moscow, Munich, St Petersburg, Kiev, Vilnius and Trondheim.
Starting from December 2013, Estonian Air re-launched a seasonal air link between Tallinn and Munich. The route will be operated until 29 March 2014. In addition, from May to September, Estonian Air will fly to Nice and Split, and from June to August to Paris.
Information on Amadeus IT Group, S.A
Amadeus is a leading transaction processor and provider of advanced technology solutions for the global travel and tourism industry.
Customer groups include travel providers (e.g. airlines, hotels, rail, ferries, etc.), travel sellers (travel agencies and websites), and travel buyers (corporations and individual travelers).
The group operates a transaction-based business model and processed more than 947 million billable travel transactions in 2011.
Amadeus has central sites in Madrid (corporate headquarters), Nice (development) and Erding (operations – data processing centre) and regional offices in Miami, Buenos Aires, Bangkok and Dubai. At a market level, Amadeus maintains customer operations through 73 local Amadeus Commercial Organisations covering 195 countries.
Amadeus is listed on the Madrid, Barcelona, Bilbao and Valencia stock exchanges and trades under the symbol “AMS.MC”. For the year ended December 31, 2011 the company reported like-for-like revenues of €2,712 million and EBITDA of €1,039 million. The Amadeus group employs around 10,000 people worldwide, with 123 nationalities represented at the central offices.
Source:- Estonia Air
Tags: Estonia Air