Transportation • Air Transportation & Traffic, Flying
2020-05-11T17:59:20+00:00

Air France-KLM obtain European Union approval for a 7 billion euros bailout

Air France-KLM obtain European Union approval for a 7 billion euros bailout
Air France Airbus A380-800, landing on Washington Dulles International Airport Credit: Joe Ravi (Creative Commons Attribution ShareAlike 4.0)

The European Union's competition watchdog on Monday approved French state aid worth 7 billion euros for Air France-KLM.

Conditions for the funding. Include the requirement for the company to be a “good customer” for European planemaker Airbus SE, which is also struggling, and a revamp of loss-making services within France.

“There will be an elimination of domestic routes,” Finance Minister Bruno Le Maire said Monday on France-Inter radio, adding that the state aid is tied to “Air France becoming the company that most respects the environment.”

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