The plan of the aeronautics industry support announced at the beginning of June amounted to a total of € 15 billion and includes $ 7 billion of loans to Air France.
The investment funds aviation, decided in the framework of the plan of support to the sector hit by the crisis of the coronavirus, has been created and will be featuring in a prime time of 630 million euros, announced Bercy on Tuesday.
The fund, known as Ace Aero Partners, should enable us to put capital to SMES and enterprises of intermediate size in situation of fragility. The aim is to preserve the chain of suppliers, while the new aircraft demand collapses because of the difficulties of the airlines caused by the collapse of the traffic.
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It has "630 million euros to invest, an amount in excess of the expectations", reports to the ministry of Economics, in a press release.
€ 200 million of the State
The State contributes € 200 million, of which $ 50 million for BPIFrance, and the great of the sector also abound : Airbus to 116 million of Saffron for $ 58 million, Dassault 13 million, and Thales 13 million.
The management company Tikehau, selected after a tender to manage this fund, aeronautics is investing its side 230 million on equity. During the announcement of the plan, the Economy minister Bruno Le Maire said the manager of the fund is expected to invest "at least 100 million". The fund will be managed by Ace Management, a subsidiary of Tikehau, led by Marwan Lahoud, the former director of strategy at Airbus.
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"After the success of this first fundraiser, available today at the service of SMES and ETI of this strategic industry, Ace Aero Partners aims quickly the goal of having € 1 billion of outstanding debt, through new fundraising," says Bercy.
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The plan of the aeronautics industry support announced at the beginning of June amounted to a total of € 15 billion and includes $ 7 billion of loans to Air France and $ 1.5 billion in research support in order to reach a plane to be carbon-neutral by 2035.