Feeds

Amadeus takes control of Opodo

Online travel world gets ever smaller...

  • alert
  • submit to reddit

Build a business case: developing custom apps

Amadeus is paying €62m for a majority stake in struggling online travel agent Opodo.

Amadeus is a major supplier to the travel industry offering ticket distribution and inventory systems. It gets a 55 per cent stake in Opodo which will continue to operate independently. Amadeus leaves in place a €49m loan made to Opodo last year.

The airlines will see their stakes shrink - Air France, BA and Luthansa all have 10.3 per cent while Alitalia, Iberia and KLM have 4.1 per cent. Aer Lingus, Austrian Airlines and Finnair also have small shareholdings.

Opodo, funded by the big airlines, has found it hard to make an impact in the UK. It does better in France and Germany where it also operates. It claims an 18 per cent market share across all three territories.

Jose Antonio Tazon, CEO of Amadeus, said: "While Amadeus will continue to focus and invest in the traditional and core distribution business, we are equally committed to extending new business lines that will expand our existing potential and support our aim to be the technology partner at the heart of the travel industry."

Amadeus believes the online travel market, especially for leisure, is set for rapid growth. It forecasts annual growth of 38 per cent in Europe between 2002 and 2008. ®

Related stories

Lastminute losses lessen
Ebookers sales up but jobs down
BA prepares to flee opodo

The essential guide to IT transformation

More from The Register

next story
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?