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Europe Daily Bulletin No. 9924

19 June 2009
Contents Publication in full By article 30 / 36
GENERAL NEWS / (eu) eu/eib
€300 million EIB loan to Safran to develop new generation cleaner aircraft engines

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....

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