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    Signature(s)

    Amount
    € 36,950,000
    Countries
    Sector(s)
    Portugal : € 36,950,000
    Transport : € 36,950,000
    Signature date(s)
    5/01/2010 : € 36,950,000
    Link to source

    Summary sheet

    Release date
    29 September 2009
    Status
    Reference
    Signed | 05/01/2010
    20090491
    Project name
    Promoter - financial intermediary
    SATA Fleet Development
    SATA AIR AÇORES - Sociedade Açoriana de Transportes Aéreos SA.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to USD 55 million (EUR 39 million).
    Estimated at USD 110 million (EUR 77 million).
    Location
    Sector(s)
    Description
    Objectives

    Acquisition of four new Bombardier Q400 turboprop aircraft to replace the same number of older ATP aircraft. The new aircraft will mainly operate flights within the Azores islands.

    To upgrade the fleet of the promoter. The project will secure the archipelago’s territorial integrity while improving fuel efficiency. The project complies with the EIB transport policy, notably in terms of internal mobility in an outermost convergence region composed of dispersed islands with a low population density. Air transport is of crucial importance for the local population (e.g., access to public services such as healthcare).

    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 EU EIA Directive. Compared to the current fleet, which will be replaced, significant reductions in fuel burn, noise and emissions can be expected.

    The promoter is operating in the air transport sector, which is liberalised in the EU and, therefore, not covered by EU directives on public procurement.

    Link to source

    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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