ANNOUNCEMENT 13 May 2012

On 13 May 2012, the EIB provided financing worth EUR 200 million (USD 256 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 13 May 2012 | Removal date: open ended

State loan

On 13 May 2012, the European Investment Bank (EIB) and Amadeus it Group SA signed an agreement worth EUR 200 million (approx. USD 256 million) for the project Amadeus Rdi from France-United Kingdom. The total cost of the project is estimated at EUR 400 million.

According to the project description issued by the EIB, The project concerns the promoters RDI activities for the development of new and improved IT solutions for the operation of airlines, airports, hotels and railway operators. More specifically the applications will support the operators in increasing the operational efficiency and the service quality by introducing realtime data, open technologies and web services. The RDI is entirely carried out in Europe with a focal point in France..

The objective of the project is defined as following: Financing of Amadeus RDI activities for developing new applications / IT solutions for the passenger service systems business unit. The R&D includes in particular the development of new e-ticketing and e-commerce products for airlines, hotels and railway operators..

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

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