Amadeus has signed a Letter of Intent (LOI) to invest in the debut fund of aviation investment firm Clear Sky.
The fund focuses on sustainable aviation fuel, carbon removal, alternative propulsion, ground operation innovation and materials recycling.
Amadeus will be one of its first investors, underscoring a wider ambition to build a more sustainable travel industry.
Investments will be made on a multi-asset class basis across technology companies in the venture space, project infrastructure and underlying technologies.
Simon Talling-Smith, Founding Partner at Clear Sky, said: “We are excited to have Amadeus, one of the biggest names in travel technology, alongside us on the path to decarbonisation.
“Achieving sustainability in aviation will require the whole aviation ecosystem to work together and this partnership is the perfect demonstration of that.”
Decius Valmorbida, President of Travel at Amadeus, added: “The journey toward sustainability in the travel industry is one we must undertake together. We can only reach our goals collaboratively and the potential investment outlined today is an excellent example of this approach in action.
“We believe solutions like alternative fuels and robust offset mechanisms will be central to the future of travel and we are proud to partner with Clear Sky and its deep industry experience to play a leading role in this evolution.”
