Release date: 23 January 2006
Promoter – Financial Intermediary
PLL LOT SA.Location
Description
Acquisition of four Embraer ERJ 175 aircraft as part of a fleet restructuring and rationalisation.
Objectives
The new aircraft will partly replace older aircraft in company’s fleet and will service new and existing routes primarily between Poland and both Western and Eastern European cities as well as Russian cities. The project aims at increasing the operating efficiency and capacity off air transport within and from Poland.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 50 million.
Total cost (Approximate amount)
Estimated at approx. EUR 100 million.
Environmental aspects
The introduction of modern aircraft will reduce noise and gaseous emissions as well as specific fuel burn per passenger-kilometre. Due to its nature, size and location the project is not expected to have a negative impact on the environment.
Procurement
The promoter is operating in the air transport sector, which is fully liberalised in the EU and therefore not covered by EU directives on procurement. The promoter performed a comprehensive analysis of its fleet development options and negotiated with all suitable suppliers. This procedure is in line with industry practice and in the best interest of the project.
Status
Signed - 12/04/2006
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).