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Korean Air and Amadeus sign global full content agreement

Korean Air, South Korea’s flag carrier and Amadeus, a leading technology partner for the global travel industry, have signed a full content agreement providing travel agencies worldwide guaranteed access to the full range of fares and inventory through the Amadeus system.

Amadeus travel agencies worldwide will benefit from the highest level of access to Korean Air’s services and content

Bangkok, Thailand, 11 December, 2012: Korean Air, South Korea’s flag carrier and Amadeus, a leading technology partner for the global travel industry, have signed a full content agreement providing travel agencies worldwide guaranteed access to the full range of fares and inventory through the Amadeus system.

The agreement ensures that Korean Air’s schedules, fares and inventory content is available through all Amadeus points of sale worldwide, including travel agencies and travel management companies.

Kee Hong Woo, Senior Vice President, Passenger Business at Korean Air, said: “With this new agreement, we ensure that travel agents both in Korea and in our international markets will be provided with the highest level of access to Korean Air’s full range of content and services. Furthermore, this agreement will also help travel agents to provide not only the best available content but also enhanced customer services, reflective of our commitment to excellence in flight.”
 
“This is an important step in our strategy to secure sustainable and long-term content agreements with leading airlines worldwide,” commented Holger Taubmann, SVP Distribution at Amadeus. “This agreement recognises the crucial role that travel agency distribution plays and the stability that long term content agreements bring to airline and travel agency parties alike.”
 
The Korean Air and Amadeus agreement strengthens a long-standing relationship that expands also to the Airline IT space, with the airline’s plan to migrate to the full Amadeus Altea Suite, including Reservation, Inventory and Departure Control in 2014 and, separately, the agreement to migrate TOPAS, Korea’s leading travel information system provider, to the Amadeus system also in 2014.
 
A leading member in the SkyTeam alliance, Korean Air is among the top 20 airlines in the world in terms of passengers carried (23m PAX) and is also the top-ranked international cargo airline.


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Notes to the 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 947 million billable travel transactions in 2011.
 
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”. It is a component of the IBEX 35, STOXX Europe 600 Index, and the Dow Jones Sustainability Index (DJSI).
 
For the year ended December 31, 2011 the company reported like-for-like revenues of €2,712 million and EBITDA of €1,039 million. The Amadeus group employs around 10,000 people worldwide, with 123 nationalities represented at the central offices.
 
To find out more about Amadeus please visit www.amadeus.com
 
To visit the Amadeus Investor Relations centre please www.investors.amadeus.com
 
Korean Air, with a fleet of 133 aircraft, is one of the world's top 20 airlines, and operates almost 400 flights per day to 112 cities in 39 countries. It is a founding member of the Sky Team alliance, together with its 13 members, which offers its 395 million annual passengers a worldwide system of more than 13,000 daily flights covering 898 destinations in 169 countries.
Korean Air received the prestigious accolade of being voted Asia’s Leading Airline First Class at The World Travel Awards Asia & Australasia Ceremony 2012, held in Singapore on October 18th. Korean Air's Business Class lounges have been named best in the world by the readers of Frequent Business Traveler (www.frequentbusinesstraveler.com), an online publication written for and by affluent frequent business travelers. Travel & Leisure magazine readers say it is one of the world’s top 10 international airlines and readers of Conde Nast Traveler magazine voted Korean Air one of the world’s top ten global airlines.
More on Korean Air's programs, routes, frequency and partners is available at www.koreanair.com
 
 
Contact details:
 
Amadeus
Corporate Communication
Telephone: +34 91 582 0160
Fax: +34 91 582 0188