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Onera Chairman and Ceo Bruno Sainjon and European Investment Bank (EIB) Vice-President Ambroise Fayolle signed a finance contract on 16 April at Onera's site in Modane Avrieux, during a visit to one of the large wind tunnels. This loan was announced by French Minister for the

Armed Forces Florence Parly during her trip to Onera's Palaiseau site on 10 January.

The EIB is providing these funds as part of InnovFin Science, a joint initiative from the EIB and European Commission specifically designed to fund research, development and innovation in Europe and supported by the EU's Horizon 2020 research and innovation programme.

This financing under the European security and defence initiative is the first granted by the EIB to a defence organisation in Europe. It will make it possible to consolidate wind tunnel infrastructure and modernise metrological instruments. In a letter published on 13 February 2012, European manufacturers categorised Onera's eight large wind tunnels covered by this project as “core”.

This loan is a strong commitment in the face of international competition as well as a guarantee – Onera is on the cutting edge of European aerospace research and will stay there.