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Amadeus takes full ownership of German partner
Amadeus is to take full control of its German distribution partner, Start Amadeus.
The GDS has bought the 66 percent stake held by Lufthansa Commercial Holding GmbH for 100 million euros.
Start Amadeus, based near Germany, operates the distribution for 171 tour operators in Germany. It had a turnover of 172.5 million euros in 2001.
Amadeus president and chief executive, Jose Antonio Tazon said Germany was the largest market for Amadeus and of “key stratgeic importance”.
Last week Amadeus blamed market conditions for the bankruptcy of its joint venture technology firm, Atinera.
Read our previous stories:
13-Dec-2002 Atinera files for bankruptcy
04-Dec-2002 Amadeus announces 2003 pricing for airlines
28-Nov-2002 Amadeus updates Vista
31-Oct-2002 Amadeus reports a prosperous Q3
23-Sept-2002 Amadeus e-travel offers flexible web fares solution
04-Sept-2002 Amadeus creates new role for Spagnou
26-Aug-2002 Journey Latin America moves over to Amadeus
19-Aug-2002 Northern Ireland agency signs with Amadeus
12-Aug-2002 Less paper with Amadeus
05-Aug-2002 Amadeus maintains 2002 bookings target
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