Air France, Airbus Line Up for Government-Backed Bailouts
- Companies said to be at top of France’s state-funding list
- Aviation has been among sectors worst hit by coronavirus
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Air France-KLM and Airbus SE are poised to tap French government-backed loans as the coronavirus outbreak drains corporate cash reserves, according to people familiar with the matter.
With the aviation industry among sectors most under pressure from the pandemic, the airline and planemaker, based in Paris and Toulouse respectively, will be among the first firms to receive French support, according to the people, who asked not to be named discussing private negotiations.