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

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.”