France Inter

Transportation • Air Transportation & Traffic, Flying
Air France-KLM obtain European Union approval for a 7 billion euros bailout
Air France Airbus A380-800, landing on Washington Dulles International Airport
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.”

Business • Economy
French state railway SNCF estimates a loss of 2 billion euros due to Covid-19
A SNCF TGV inOui Reseau Duplex at Paris Gare de Lyon
A SNCF TGV inOui Reseau Duplex at Paris Gare de Lyon Credit: Superalbs (Creative Commons Attribution ShareAlike 4.0)

“The virus, for the moment, means we’re missing about 2 billion euros in revenue,” SNCF Chief Executive Jean-Pierre Farandou told France Inter radio. “It wouldn’t be abnormal to think of an aid plan for the SNCF,” he added.

Public transport operators reduced their service after France decided to curb non-essential travels in mid-March. While the lockdown will progressively be lifted from May 11, it is unclear when train traffic will return to normal.