France Expects to Give Massive Support to Air France-KLM
- Finance minister says airline is losing billions a month
- France we preserve airline at any cost: Finance minister
Service desks stand empty at the Air France-KLM check-in area at Charles de Gaulle Airport, in Roissy, France, on March 16.
Photographer: Adrienne Surprenant/BloombergThis article is for subscribers only.
France is preparing massive support for its flagship carrier Air France as the coronavirus oubreak paralyzes the airline industry, the country’s Finance Minister Bruno Le Maire said.
Air France-KLM, the Franco-Dutch parent of the airline, is already in negotiations with the government over state loan guarantees of about 6 billion euros ($6.52 billion). France and the Netherlands are Air France-KLM’s biggest shareholders.