Estonia Air Sells Stake In Amadeus Estonia

Amadeus IT group has increased its share in Amadeus Estonia from five to 65 per cent, having bought a 60 per cent stake from Estonia Air. Estonia Air now has no shares in the company. The remaining 35 per cent shares in Amadeus Estonia belong to Amadeus Finland, a Finnish ticket booking company. "The sales of our share in Amadeus Estonia is a next step of the restructuring process, whereby we have decided to divest our non-core assets and shares that are not directly related to our core business," said Jan Palmér, the CEO of Estonian Air. Amadeus Estonia provides Estonian travel agencies with booking systems and support.

TAGS: Technology
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