© Air France
EU approves 7 bln euros in French state aid to Air France
AFP
| 2020/05/04 | 304 words
| LE JOURNAL DE L'AVIATION | AIR TRANSPORT
The European Commission on Monday gave the green light to 7.0 billion euros ($7.7 billion) in French state aid to national carrier Air France to cushion the economic fallout from the coronavirus pandemic."The European Commission has approved, under EU State aid rules, a EUR7 billion French aid measure consisting of a state guarantee on loans and a shareholder loan to Air France to provide urgent liquidity to the company in the context of the coronavirus outbreak," EU competition commissioner...(…)
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