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MALEV REGIONAL AIRLINE

Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Hungary : € 100,000,000
Transport : € 100,000,000
Signature date(s)
10/04/2003 : € 100,000,000
Link to source
Data sheet
MALEV REGIONAL AIRLINE
Other links
Summary sheet
Malév Regional Airline

Summary sheet

Release date
20 September 2002
Status
Reference
Signed | 10/04/2003
20020155
Project name
Promoter - financial intermediary
Malév Regional Airline
Malév Rt., Hungary's national airline company.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Loan of up to EUR 100 m.
Estimated at approximately EUR 215 m.
Location
Sector(s)
Description
Objectives

Establishment of regional airline operations including the acquisition of up to ten regional jet aircraft.

The aircraft purchase is part of Malév's strategy to establish regional operations in order to serve destinations in central and eastern Europe as well as secondary western European airports and to increase frequencies on some primary scheduled routes.

Environmental aspects
Procurement

The introduction of modern aircraft will reduce noise and gaseous emissions as well as specific fuel burn per passenger-kilometre. Due to its nature, size and location, the project is not expected to have any significant negative impact on the environment.

Before placing its order, Malév undertook a comprehensive selection procedure taking into account all appropriate aircraft available on the market.

Link to source
Summary sheet
Malév Regional Airline
Other links
Data sheet
MALEV REGIONAL AIRLINE

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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