LAN Airlines and Amadeus sign full content distribution agreement
Amadeus and LAN Airlines, a leading airline in Latin America, have signed a multiyear full content agreement. The agreement guarantees Amadeus travel agents worldwide access to the entire range of fares, schedules and inventory relating to the more than 18 million seats sold annually by the LAN Group Airlines.
Amadeus travel agencies worldwide will have access to all the fares, schedules and inventory of the LAN group of airlines
Madrid, Spain, 30 of November, 2011: Amadeus, a leading travel technology partner and transaction processor for the global travel and tourism industry, and LAN Airlines, a leading airline in Latin America, have signed a multiyear full content agreement. The agreement guarantees Amadeus travel agents worldwide access to the entire range of fares, schedules and inventory relating to the more than 18 million seats sold annually by the LAN Group Airlines.
The full content agreement includes all LAN Group Airlines (LAN Airlines, LAN Ecuador, LAN Peru, LAN Argentina, Aires and LAN Express) and ensures access to the same content through Amadeus as through any sales channel, including the airline's own website.
Amadeus is committed to securing long-term full content partnerships with the world's leading airlines providing continued stability in the travel distribution marketplace. Under the terms of this agreement, Amadeus agents now have guaranteed access to all of the LAN group airlines content on a worldwide basis, said Decius Valmorbida, Executive Vice President, Amadeus Latin America.
"At LAN we are committed to grow our business operations and the Amadeus network of travel agencies plays an important role supporting our expansion in all markets, said Sergio Mendoza, Chief Commercial Innovation Officer for LAN. Through this agreement we ensure that travel agencies have efficient access to the complete range of our offer and are confident they are able to offer the most comprehensive travel options to their customers,"he added.
Amadeus has content agreements with key airlines in Latin America including AviancaTaca, Copa Airlines and TAM. Today 80% of all airline bookings sold by Amadeus travel agencies worldwide are made on airlines with content agreements.
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Notes to editors
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 travellers). The group operates a transaction-based business model and processed more than 850 million billable travel transactions in 2010.
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 31 December 2010, the company reported revenues of EUR 2,683 million and EBITDA of EUR 1,015 million. The Amadeus group employs around 10,000 employees worldwide, with 123 nationalities represented at the central offices.
To find out more about Amadeus please go to www.amadeus.com.
LAN Airlines is one of the leading passenger and cargo airlines in Latin America. The company and its affiliates serve over 76 destinations around the world through an extensive network that offers full connectivity within Latin America, while also linking the region with North America, Europe and the South Pacific, as well as 93 additional international destinations through its various code share agreements. LAN Airlines and its affiliates have a leading position in their respective domestic markets of Chile and Peru as well as an important presence in the Argentinean and Ecuadorian domestic markets. Furthermore, in November 2010, LAN acquired Colombian airline AIRES.
Currently, LAN Airlines and its affiliates operate 127 passenger aircraft while LAN Cargo and its respective affiliates have a fleet of 14 dedicated freighters. The Company has one of the youngest fleets in the world which has meant greater efficiency and a significant reduction in CO2 emissions, reflecting its strong commitment to the protection of the environment.
LAN is one of the few Investment Grade airlines in the world (BBB). The company's world class quality standards enabled its membership in oneworld, an alliance of leading global airlines of which LAN has been a member for 10 years. For more information please visit www.lan.com or www.oneworldalliance.com