Release date: 20 September 2006
Promoter – Financial Intermediary
Finnair CorporationLocation
Description
The project encompasses the upgrading of the Promoter’s regional and long-haul fleet.
Objectives
The proposed project aims at increasing the operating efficiency and capacity of air transport within, from and to Finland. The project will hence foster regional cooperation (a) between the Helsinki region (where Finnair’s main base is located) and other regions in Finland, many of which have Objective 1 or Objective 2 status, and (b) between Finland and other EU countries, as well as between Finland and Asia.
Sector(s)
Proposed EIB finance (Approximate amount)
Loan of up to EUR 250 million.
Total cost (Approximate amount)
EUR 600 million.
Environmental aspects
The proposed aircraft, like the rest of the Promoter’s fleet, comply with all current and likely future international environmental standards on noise and emissions and represent latest state-of-the-art technology. The introduction of the new aircraft will further reduce noise and gaseous emissions as well as specific fuel burn per passenger-kilometre. No environmental impact assessments is required for the project, as it does not fall under either Annex I or Annex II of Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC.
Procurement
The promoter is a private company and therefore not bound by EU Directives on procurement.
Status
Signed - 15/10/2008
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).