Avio Signs Contract for 10 Million Euros in Financing from European Investment Bank

ROME (Avio PR) — Avio S.p.A., Italian company leader in the space propulsion sector, informs that today it has signed the contract for the financing of additional Euro 10 Million with the European Investment Bank (EIB).

Such financing adds up to the first Euro 40 Million loan issued by the EIB to Avio S.p.A. in October 2017, with the same economic conditions.

Leveraging the above indicated financing, Avio S.p.A. intends to support the development of space propulsion technologies for the new Vega C and Ariane 6 launchers and expand the industrial capacity of the Colleferro plant in order to meet the production volumes expected for the coming years.

“We are pleased to continue our collaboration with the European Investment Bank – Giulio Ranzo, Avio CEO, stated. This agreement further reinforces our trust in the achievement of our medium and long term growth targets, ensuring additional financial soundness to our Company”.

ESA, EIB Cooperate on Increasing Investments in European Space Sector

PARIS — 10 July 2018 (ESA PR) — Today Ambroise Fayolle, Vice President of the European Investment Bank (EIB), welcomed Jan Wörner, Director General of ESA, to sign a Joint Statement on behalf of the two organisations.

The Joint Statement puts forth the intention of the two organisations to cooperate on supporting increased investment in the European space sector, thus helping create a level playing field for European companies to grow and become globally competitive. It also supports setting the foundations for Europe’s engagement in Space 4.0 and new space.

“I am very pleased to enhance a fruitful collaboration with ESA, raising awareness for investors, while improving access to finance for promoters in the space sector,” said the EIB Vice-President Ambroise Fayolle.

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