AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
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 construction of a new assembly plant located in Bulgaria. The plant will support the company's Aerostructures division concerning small assembly work related to doors and fuselage sections. Additionally, the loan will support the investment project concerning product development, research and innovation and the construction of a manufacturing plant in France, see related intervention.
According to the EIB: "The EIB financing will also support Latécoère's research, development and innovation activities with a view to conquering new markets via updated processes and cutting-edge technologies, improving the company's competitiveness with the goal of achieving industrial excellence."
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.
⚑ Please report this page in case you detect an inaccuracy in its content.