‘Aerofund 3’ Pledges Additional Funds For The European Aeronautical Sector | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 03.02.15

Airborne 03.03.15

Airborne 02.25.15

Airborne 02.26.15

Airborne 02.27.15

Airborne Hi-Def On YouTube

Airborne 03.02.15

Airborne 03.03.15

Airborne 02.25.15

Airborne 02.26.15

Airborne 02.27.15

Tue, Jan 29, 2013

‘Aerofund 3’ Pledges Additional Funds For The European Aeronautical Sector

Airbus Invests €40 Million ($53 Million) In The New SME Support Fund

Airbus, the Caisse des Dépôts et Consignations Entreprises, Safran group, EADS and Eurocopter have set up ‘Aerofund 3’, an investment fund set up to raise €150 million for the French aeronautical sector. The Memorandum of Understanding (MoU) was signed Friday at Airbus’ Jean-Luc Lagardère site in Toulouse (A380 Final Assembly Line), in the presence of Arnaud Montebourg, French Minister for Productive Recovery and Frédéric Cuvillier, French Secretary of State in charge of Transport.

The goal of the investment fund, run by ACE Management, is to prolong ‘Aerofund 2’ which was set up in 2008 to support the development of subcontractor SMEs and Intermediate-sized enterprises working in the aeronautical sector, and promote the growth and emergence of businesses capable of positioning themselves as key partners in aeronautics.
 
The target is to raise a total of €300 million (nearly $404 million) for this fund. With ‘Aerofund 1’ in 2004 and ‘Aerofund 2’ in 2008, nearly €105 million ($141 million) have already been injected into the aeronautical sector, making it possible to provide backing for 22 companies, representing a total turnover of €1.6 billion ($2.15 billion) and supporting nearly 15,000 jobs. This support is essential at a time when the aeronautical sector must make considerable investments if it is to face up to its current and future programmes, and constantly growing production workloads.
 
“With ‘Aerofund 3’, Airbus is pursuing its policy of supporting innovative companies in the aviation sector. We are proud of this because, alongside the Caisse des Dépôts et Consignations Entreprises in particular, we are actively contributing to the growth of these companies, and thus to the creation of jobs that this will lead to in our sector,” said Fabrice Brégier, Airbus’ President and CEO.
 
Airbus’ contribution to Aerofund 3 amounts to €40 million ($53.87 million), the Caisse des Dépôts et Consignations Entreprises is contributing €60 million (nearly $81 million), Safran Group €30 million ($40.4 million), and EADS and Eurocopter €10 million ($13.4 million) each.

FMI: www.airbus.com

Advertisement

More News

Airborne 03.03.15: AW189 Certified, Honeywell Heli Forecast, HondaJet Sim

Also: NBAA Likes PBOR II, Wipaire Viking Endorsement, R44 Update, PW Engine Ctr, Twirly Birds Its going to be a great week for rotorcraft as HAI gets it start in Orlando, Florida..>[...]

Airborne 03.02.15: HeliExpo, UAL Pilot Warning, WWII Flyover, RAF Aids In WV

Also: Blue Angels, Fuel Taxes, Twirly Birds, Bell 429WG, Delta Selects GoGo It’s common for airlines to issue numerous safety notice to flight crews, but United Airlines issu>[...]

AeroSports Update: FAA Revising Flight Service Operation

GA Pilots Will See Changes In Services Provided By FAA Flight Service Because Of Increased Use Of Online Computer Services Recognizing a shift in users' preferences for automated s>[...]

ANN's Daily Aero-Linx (03.04.15)

SeatGuru.com Wanna get the low-down on airline seats and in-flight amenities that offers the best seat, legroom and reclining information? This is the spot.>[...]

ANN's Daily Aero-Term (03.04.15): HIWAS

Hazardous Inflight Weather Advisory Service (HIWAS).>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC