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Signature(s)

Amount
€ 210,000,000
Countries
Sector(s)
Czechia : € 210,000,000
Transport : € 210,000,000
Signature date(s)
11/07/2008 : € 60,900,000
7/04/2008 : € 67,900,000
14/03/2008 : € 81,200,000
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Summary sheet

Release date
9 November 2005
Status
Reference
Signed | 14/03/2008
20040299
Project name
Promoter - financial intermediary
CSA Czech Airlines Fleet Development
Ceske aerolinie, a.s.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 210 million
The total project cost for the twelve aircraft and associated equipment is estimated at EUR 420 million.
Location
Sector(s)
Description
Objectives

Acquisition of twelve Airbus A320/319 aircraft fitted with CFM engines to replace six older Boeing 737 and extend CSA’s fleet as part of the company’s overall modernisation and development programme.

The project will support the continued development of air travel in the EU and will increase the Promoter’s capacity to meet market growth in the medium-term. Development of this carrier can be a source of economic welfare by improving accessibility to new member countries.

Environmental aspects
Procurement

No environmental impact assessment is required for the project, as it does not fall under either Annex I or Annex II of the Directive 85/337/EEC amended by Directive 97/11/EC. The new aircraft fulfil all current and proposed future EU environmental regulations on aircraft noise (such as ICAO Annex 16, Chapters 3 and 4) and emissions.

CSA is a joint-stock company operating in the liberalised air transport sector not bound by EU Directives on procurement.

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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).

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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.

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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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