The European Investment Bank (EIB) will loan €3 billion ($3.4 billion) to aviation manufacturer Airbus as part of a major programme to boost Europe’s tech industry.
The EU organisation signed a €1 billion loan for the €152 market cap company on June 19 as the first part of a €3 billion package, its largest ever corporate loan, to support investments in next-generation aircraft.
Airbus CFO Thomas Toepfer said the loan would help it “sustain our long-term investments”, while EIB President Nadia Calviño described it as a “flagship operation” for the bank.
She said: “The EIB Group is deploying its full firepower to bolster Europe’s technological autonomy, industrial strength and economic competitiveness.”
