Brussels, 18/06/2009 (Agence Europe) - At the 2009 Paris Air Show, on Thursday 18 June, European Investment Bank Vice-President Philippe de Fontaine Vive and SAFRAN Chief Executive Officer Jean-Paul Herteman signed a contract to provide €300 million in financing to the SAFRAN group for the development of a new generation of cleaner aircraft engines.
The EIB loan will be used to finance research and development on aircraft engines that use less fuel and are friendlier to the environment....