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05 June 2020 The on-line newspaper devoted to the world of transports 20:52 GMT+2



May 4, 2020

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EU Commission approves seven billion euro aid air France

The support plan includes state loan guarantees and lending a share loan

The European Commission, as part of the temporary framework state aid adopted in recent weeks at the the growing spread of the Covid-19 pandemic and its impact on economic and social activities, has authorized France to implement a seven billion aid programme today to support Air France's activities, which guarantees on loans made by the airline and the disbursement of a share loan to the airline state French.

"These guarantees and this equity loan France in the amount of seven billion euros - explained Margrethe Vestager, European Commissioner for Competition - will provide Air France with the liquidity it urgently needs to withstand the repercussions of the pandemic."

csteinweg



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