Release date: 29 September 2009
Promoter – Financial Intermediary
SATA AIR AÇORES - Sociedade Açoriana de Transportes Aéreos SA.Location
Description
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.
Objectives
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).
Sector(s)
Proposed EIB finance (Approximate amount)
Up to USD 55 million (EUR 39 million).
Total cost (Approximate amount)
Estimated at USD 110 million (EUR 77 million).
Environmental aspects
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.
Procurement
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.
Status
Signed - 5/01/2010
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).