France pledges 15 bn euros for stricken aviation firms

AFP

2020/06/10 | 604 words | LE JOURNAL DE L'AVIATION | INDUSTRY / TECHNOLOGY
France pledges 15 bn euros for stricken aviation firms

The French government on Tuesday pledged 15 billion euros ($16.9 billion) for the country's aviation industry, where thousands of jobs are on the line as the coronavirus crisis hammers the travel industry."We are declaring a state of emergency to save our aeronautics industry so that it can be more competitive," Finance Minister Bruno Le Maire told a press conference in Paris."If we hadn't intervened right away, a third of the jobs in the sector would have disappeared... that's around 100,00...(…)

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