ANNOUNCED AS TEMPORARYNo
On 5 December 2017, the European Investment Bank (EIB) and Latécoère S.A. signed a loan agreement having a total value of EUR 55 million (approx. USD 65 million).
The loan will support the company's investment project concerning product development, research and innovation of "doors, optical networks, racks and cockpits, cabin infrastructure and video systems" for commercial aircraft. The loan will also support the construction of a manufacturing plant in France. Lastly, the loan will support the company's construction of a new assembly plant located in Bulgaria, see related intervention.
According to the EIB: "The RDI activities included in the project will contribute to increasing the promoter's (ed. Latécoère) knowledge and know-how in the field of components for aero-structures and aircraft cabling solutions."
Latécoère S.A. has its headquarters in France and is present in a number of locations in the United States, Europe, Africa, Brazil and India. The company is a supplier of doors, fuselage sections, wiring and avionics racks for commercial aircraft.
A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.
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