Global Analysis from the European Perspective. Preparing for the world of tomorrow

French government announces ‘historic’ €7 billion aid pakage for Air France-KLM

The French government announced a 7-billion-euro ($7.6-billion) aid package Friday to rescue Air France, whose planes have been largely grounded by virus lockdowns around the world. Speaking on national television TF1, Finance Minister Bruno Le Maire pledged 4 billion euros of loan guarantees and 3 billion euros of direct loans to “save our national airline.” Source France 24

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