The European Regions Airline Association (ERA) is calling on members to take advantage of European Investment Bank (EIB) funding for new aircraft purchases. The EIB, which is owned by the EU member states, created the €1 billion ($1.2 billion) fund in 2016 after lobbying from the ERA member airline CFOs, who were struggling to source financing for new regional aircraft orders. Under the facility, the EIB lends the money to local banks, which funds the airline directly at competitive ...

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