Dexia and Toulouse-Blagnac Airport: a financial partnership to build the airport of the future

Paris, Brussels, June 25th 2008 – Dexia and the Toulouse-Blagnac airport company have agreed a bank loan of EUR 115 millions to finance the expansion of the airport infrastructure, in particular the construction of Terminal D and its facilities, including a silo car park. In France, it is the largest loan transaction realised by a regional airport, since the creation of the regional airport companies in 2007.

This collaboration took shape by virtue of the institutional relations established long ago between Dexia, the airport and its shareholders.

“We are involved in a huge phase of investment, to prepare for the future of the Toulouse-Blagnac Airport,” stated Jean-Michel Vernhes, Chairman of the Management Board. “We are seeking financial partners in a new context, linked to our change of status. We are delighted to have signed this agreement with Dexia and hope to build-up a relationship of trust with this financial establishment.”

According to Gérard Bayol, Managing Director of Dexia-Crédit Local, “this transaction with Toulouse-Blagnac strengthens Dexia's high-level positioning in the development of airport infrastructures. After our intervention for Istanbul Airport, this is the second large-scale loan arranged by Dexia in this sector in 2008.”

Aéroport Toulouse-Blagnac ( is a Limited Company with capital of 148,000 euros incorporated on 23 March 2007. Its shareholders are the State (60%), the Toulouse Chamber of Commerce and Industry (25%), the Midi-Pyrénées Regional Council (5%), the Haute-Garonne General Council (5%) and the Community of the Conurbation of Greater Toulouse (5%). The company L'Aéroport Toulouse-Blagnac performs its task under a concession granted by the State until 2046. The task entrusted to the airport company is actively and constantly to foster the policy of development and promotion of the economy of the Midi-Pyrénées. Classified fourth among provincial airports, with 6,200,000 passengers in 2007 (behind Nice, Lyon and Marseille), the Toulouse platform also maintains its position as leading provincial platform for freight.

Aéroport Toulouse-Blagnac press contact: Marc Dupeyron: +33 5 61 42 44 42 - e-mail:

Dexia ( is a European bank and the world leader in local public finance. Dexia is one of the top fifteen banking groups in the euro zone with a stock market capitalization of EUR 20.3 billion and 35,200 employees in 37 countries as of December 31, 2007. Dexia has one of the highest credit ratings in the banking industry. Dexia's development strategy is based on two pillars: its Universal Banking business in Europe (Belgium, Luxembourg, Slovakia and Turkey), and world leadership in Public/Project Finance.

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