‘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 03.23.15

Airborne 03.24.15

Airborne 03.25.15

Airborne 03.26.15

Airborne 03.27.15

Airborne Hi-Def On YouTube

Airborne 03.23.15

Airborne 03.24.15

Airborne 03.25.15

Airborne 03.26.15

Airborne 03.27.15

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

For Real! HondaJet Receives Provisional TC From FAA

Next Big Step Taken In Honda's Plans For The Business Aviation Market The HondaJet has received provisional type certification (PTC) from the FAA. This achievement indicates the FA>[...]

Klyde Morris (03.30.15)

Klyde's Got Worries... Lots Of Them FMI: www.klydemorris.com>[...]

AeroSports Update: Aerobatic Powerhouse Julie Clark To Be At Sun ‘N Fun

Even The Best Airshow Performers In The World Need Sponsorships, And Julie Clark Has Just Announced She Will Be Sponsored By Tempest And Electroair At Sun-N-Fun 2015 Julie Clark Ai>[...]

Airborne 03.27.15: Cockpit Changes Announced, Maine v UAVs, NBAA v Santa Monica

Also: AirVenture Update, Barnstorming Opines On Media Aero-Reporting, NTSB Update, ERAU Scholarships, Doolittle Raiders, Tecnam P2010 The loss of Germanwings Flight 9525 due to wha>[...]

Aero-News: Quote Of The Day (03.30.15)

“EAA AirVenture creates unmatched opportunities for people to see aircraft in one place that you cannot see anywhere else in the world. It’s only fitting that on the B->[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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