Release date: 9 November 2005
Promoter – Financial Intermediary
Türk Hava Yolları A.0. (Turkish Airlines Inc.)Location
Description
The project comprises the acquisition of 36 airbus aircraft as part of the company’s fleet renewal and expansion programme.
Objectives
The project aims at increasing efficiency and capacity on air routes to and from Turkey, fostering regional cooperation between Turkey and other countries including the EU.
Sector(s)
Proposed EIB finance (Approximate amount)
To be determined
Total cost (Approximate amount)
Approximately EUR 1.5billion
Environmental aspects
The proposed aircraft, like the rest of company’s fleet, comply with all current and likely future international environmental standards on noise and emissions and represent latest state-of-the-art technology. No environmental impact assessment is required for the project, as it would not fall under either Annex I or Annex II of Directive 97/11/EC. Although the increase in air travel creates an additional load to the world environment, the project provides the most efficient solution to minimise this load.
Procurement
EU procurement legislation does not apply to the project. The Promoter’s procurement procedures will be reviewed during appraisal.
Status
Signed - 10/02/2006
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).