Engines
Safran Gets €500 Million Loan for Clean Engine Development
The European Investment Bank will make available a 10-year credit line to Safran for the development of environmentally friendly engine technology.

The European Investment Bank (EIB) has extended Safran a €500 million credit line to finance its research into alternative propulsion systems for the next generation of single-aisle commercial airplanes. Calling itself a "climate bank," the EIB said the loan agreement underscores its recent shift in focus toward supporting efforts involving a decarbonized and environmentally friendly economy.


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