News

Air France-KLM sells half of Amadeus stake

Air France-KLM has netted €473.3 million with the sale of a 14.1% shareholding in Amadeus.

Air France, one of the founding airlines of Amadeus, still controls 7.73% of the company, a similar stake to that held by Lufthansa and Iberia.

All three carriers have agreed not to sell any additional shares in Amadeus for the next 90 days.

The buyers were a mix of existing and new investors “which would indicate a level of confidence in [Amadeus] business,” a banker involved in the transaction reportedly said. Most of the money came from the UK and US.

Share article

View Comments

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.