EIB grants second tranche €300m loan to EADS

Source: Flightglobal.com
This story is sourced from Flightglobal.com

The European Investment Bank (EIB) has provided an additional €300 million ($388 million) loan to EADS to support its "innovation and research and development' programmes.

The transaction represents the second tranche of an agreement signed in August 2011, whereby the EIB already made €500 million available to EADS. This new finance contract brings the total volume of EIB support under this agreement to €800 million.