Release date: 9 November 2005
Promoter – Financial Intermediary
Ceske aerolinie, a.s.Location
Description
Acquisition of twelve Airbus A320/319 aircraft fitted with CFM engines to replace six older Boeing 737 and extend CSA’s fleet as part of the company’s overall modernisation and development programme.
Objectives
The project will support the continued development of air travel in the EU and will increase the Promoter’s capacity to meet market growth in the medium-term. Development of this carrier can be a source of economic welfare by improving accessibility to new member countries.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 210 million
Total cost (Approximate amount)
The total project cost for the twelve aircraft and associated equipment is estimated at EUR 420 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 Directive 85/337/EEC amended by Directive 97/11/EC. The new aircraft fulfil all current and proposed future EU environmental regulations on aircraft noise (such as ICAO Annex 16, Chapters 3 and 4) and emissions.
Procurement
CSA is a joint-stock company operating in the liberalised air transport sector not bound by EU Directives on procurement.
Status
Signed - 14/03/2008
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).