3 Jul 2020
EUR 60 million
Financial institutions and SMEs
|Date of agreement:||27 Oct 2008|
|Amount in USD:||USD 60 million|
|Amount in EUR:||EUR 48.2 million|
|NACE sector / loan type:||Air transport|
|Business area:||Infrastructure, transportation and telecom|
The loan has been provided for financing the acquisition of an Airbus 340-300 E aircraft. This is part of a EUR 1 billion investment programme for expanding the fleet of Finland's national flag carrier by 2010 in order to strengthen its long-haul flight strategy.
The fuel consumption of the new 295-seat Airbus 340-300E airplane is 6,400 kg/h. This fuel consumption is lower both in absolute terms as well as in fuel consumption per seat than the 282-seat MD-11 (7,500 kg/h). As the new plane will not replace any old ones, but expand the number of planes in operation, the investment is seen as having negative environmental effects.