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Signature(s)

Amount
€ 800,000,000
Countries
Sector(s)
Spain : € 50,000,000
United Kingdom : € 150,000,000
Germany : € 200,000,000
France : € 400,000,000
Industry : € 800,000,000
Signature date(s)
29/07/2011 : € 50,000,000
29/07/2011 : € 100,000,000
29/07/2011 : € 150,000,000
29/07/2011 : € 200,000,000
25/01/2013 : € 300,000,000
Link to source

Summary sheet

Release date
10 June 2009
Status
Reference
Signed | 29/07/2011
20090046
Project name
Promoter - financial intermediary
EADS Innovative Design R&D

Airbus S.A.S.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 800 million.
Estimated at around EUR 3 600 million.
Description
Objectives

The project aims at developing innovative solutions in the civil aerospace sector in order to reduce fuel burn, emissions and noise and to minimise the environmental impact of the whole production chain. Measures will include improved aerodynamic design, advanced materials, optimised flight control systems, more electric aircraft systems and more efficient production technologies.

The project will contribute to improving technology in the field of aircraft design, bringing about positive environmental results in terms of lower CO2 and other harmful emissions. Such technology is in line with proposed EU legislation on reducing pollutant emissions and will contribute to improving the competitiveness of the European aerospace industry.

Environmental aspects
Procurement

The project concerns investments in research, development and innovation activities that will be carried out in existing facilities, already authorised. Overall, the project is not expected to have a significant impact on the environment, while the final product will have a positive environmental impact on a per passenger-km basis, due to substantial reductions of harmful emissions and noise compared to the fleet currently in service.

The promoter is a private company operating in the manufacturing sector not covered by EU Directives on 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).

News & Stories

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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