Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20200415
    Release date: 15 March 2021

    Promoter – Financial Intermediary

    SAFRAN

    Location

    Description

    The project concerns the Promoter's investments in research, development and innovation (RDI) on innovative propulsion systems for next generation single-aisle airliners. It centres on four main pillars, namely: (i) engine efficiency, (ii) energy management, (iii) disruptive engine concepts for a wider adoption of low-carbon fuels as well as (iv) technology integration. The financed activities will be carried out primarily in France and will cover the period 2020-2024.

    Objectives

    The project aims at supporting the Promoter's long-term technology roadmap to drastically improve fuel efficiency of next generation aircraft and represents a step towards the more ambitious target of zero-emission flights by 2050.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 500 million

    Total cost (Approximate amount)

    EUR 1125 million

    Environmental aspects

    The project is expected to be carried out in existing facilities that will not change their already authorised scope due to the project. The need for an environmental impact assessment (EIA) as per directive 2011/92/EU amended by directive 2014/52 EU is therefore unlikely. The Bank's services will review the environmental aspects of the project during the due diligence process.

    Procurement

    The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions. However, if at the project appraisal, the EIB were to conclude that the Promoter is subject to EU public procurement legislation, then the Bank would duly inform the Commission Services and would require the Promoter to apply those rules.

    Status

    Signed - 4/03/2021

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    France Industry