Release date: 18 December 2014
Promoter – Financial Intermediary
AIRBUS GROUP NVLocation
Description
The project concerns the promoter’s research, development and innovation (RDI) activities for the development of new technology to be implemented in a new generation of widebody aircraft, with the aim of improving energy efficiency, reducing fuel consumption and operating costs and improving the aircraft operational safety.
Objectives
The general objective is to improve energy efficiency, which includes reduced fuel consumption and enhanced aerodynamics, and to lower the operating costs, aiming to improve the aircraft market acceptance. Technology will also be focused on enhancing passenger and crew life on board, as well as on improving aircraft operational safety. The RDI activities are located in France, Germany, United Kingdom and Spain.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 800 million
Total cost (Approximate amount)
EUR 1729 million
Environmental aspects
RDI activities are expected to be carried out in existing research and development (R&D) centres that will not change their scope due to the project. The due diligence will determine whether an environmental impact assessment (EIA) is required, in accordance with Directive 2011/92/EU. The Bank’s services will further assess all environmental details during the due diligence.
Procurement
The promoter is private company not operating in the utilities sector and not having a status of a contracting entity, thus is not subject to EU rules on public procurement.
Status
Signed - 17/12/2014
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).