Release date: 10 June 2009
Promoter – Financial Intermediary
Airbus S.A.S.
Location
Description
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.
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 800 million.
Total cost (Approximate amount)
Estimated at around EUR 3 600 million.
Environmental aspects
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.
Procurement
The promoter is a private company operating in the manufacturing sector not covered by EU Directives on procurement.
Status
Signed - 29/07/2011
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).