EU clears 7 billion euros in state aid for Air France

  04 May 2020    Read: 578
EU clears 7 billion euros in state aid for Air France

The European Union’s competition watchdog on Monday approved 7 billion euros worth of French state aid for Air France AIRF.PA, AzVision.az reports citing Reuters.

“This €7 billion French guarantee and shareholder loan will provide Air France with the liquidity that it urgently needs to withstand the impact of the coronavirus outbreak,” the EU’s top competition official Margrethe Vestager said in a statement.

 


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