Release date: 20 September 2002
Promoter – Financial Intermediary
Malév Rt., Hungary's national airline company.Location
Description
Establishment of regional airline operations including the acquisition of up to ten regional jet aircraft.
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
Loan of up to EUR 100 m.
Total cost (Approximate amount)
Estimated at approximately EUR 215 m.
Environmental aspects
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.
Procurement
Before placing its order, Malév undertook a comprehensive selection procedure taking into account all appropriate aircraft available on the market.
Status
Signed - 10/04/2003
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).