Amadeus unveils investment proposal for debut Clear Sky sustainable aviation fund
Amadeus signs a letter of intent to invest in Clear Sky's debut fund, dedicated to advancing sustainable aviation through various technological and operational innovations.
The article Amadeus unveils investment proposal for debut Clear Sky sustainable aviation fund first appeared in TravelDailyNews International.
Amadeus has signed a LOI with the intention to invest in the debut fund from Clear Sky, a global organization dedicated to sustainable aviation. The potential deal from the technology innovator is part of a wider ambition to build a more sustainable travel industry.
The Clear Sky fund is focused on sustainable aviation fuel, carbon removal, alternative propulsion, ground operation innovation and materials recycling, potentially deploying hundreds of millions of dollars across various initiatives. The fund will do so on a multi-asset class basis, investing in technology companies in the venture space, project infrastructure and underlying technologies.
Simon Talling-Smith, Founding Partner, Clear Sky, says, “At Clear Sky we are excited to have Amadeus, one of the biggest names in travel technology, alongside us on the path to decarbonization. Achieving sustainability in aviation will require the whole aviation ecosystem to work together, and this partnership is the perfect demonstration of that.”
Clear Sky has outlined ambitions to work across the aviation ecosystem to drive the decarbonization of the industry. For Amadeus, the potential partnership is a demonstration of a long-term commitment to building a sustainable aviation industry on the path to the IATA ambition of Net Zero by 2050.
Decius Valmorbida, President of Travel, Amadeus, adds, “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.”
Clear Sky is working to bring together a consortium of airlines, aircraft manufacturers, airport owners, travel technology companies, fuel and chemical companies and financial and sovereign institutions to mobilize resources and capital to build a more sustainable travel industry.
The article Amadeus unveils investment proposal for debut Clear Sky sustainable aviation fund first appeared in TravelDailyNews International.