Amadeus unveils investment proposal for debut Clear Sky sustainable aviation fund

Fund focused on sustainable fuels, carbon removal and alternative propulsion

Amadeus poised to become one of the first investors in fund  

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.

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AMADEUS. Amadeus makes the experience of travel better for everyone, everywhere by inspiring innovation, partnerships and responsibility to people, places and planet. Our technology powers the travel and tourism industry. Inspiring more open ways of working. More connected ways of thinking, centered around the traveler. Our open platform connects the global travel and hospitality ecosystem. From startups to big industry players and governments too. Together, redesigning the travel of tomorrow. We are working to make travel a force for social and environmental good. A collective responsibility to protect and improve the people and places we visit, ensuring travel continues to make positive contribution to our world. We apply innovation to meet new needs, to solve real challenges. Our truly diverse global workforce, made up of 150nationalities, is passionate about travel and technology. We are an IBEX 35 company, listed on theSpanish Stock Exchange under AMS.MC. We have also been recognized by the DowJones Sustainability Index for the last 11 years. Amadeus. It’s how travel works better. www.amadeus.com

CLEAR SKY. Clear Sky is a global investment company with the dual objectives of accelerating aviation's journey towards net-zero emissions while generating attractive returns for its investment partners. These include corporates from aviation, chemicals and other heavy industry and financial institutions. Incubated by the financiers at RAIN and launched earlier in 2024, it is led by a unique mix of senior professionals from the worlds of aviation, sustainability, energy and investing. Its investment strategies focus on sustainable aviation fuel, carbon removals, alternative propulsion, ground operations greening, and materials recycling. www.clearsky.eco