KLM Cityhopper and Air Nostrum secure EIB funds

The European Regions Airline Association (ERA) has announced that two of its member airlines, KLM Cityhopper and Air Nostrum, have had financing approved in principle for fleet renewal by the European Investment Bank (EIB). This financing is part of a €1bn euros pilot created by the bank which follows a period of collaboration between ERA, its members and the EIB to provide more access to finance for regional aircraft and airlines. ERA’s Director General Simon McNamara comments: “I’m delighted that the European Investment Bank has approved this lending for KLM Cityhopper and Air Nostrum. This represents a significant milestone in