Air France agreement between France and the EU Commission

Air France agreement between France and the EU Commission

French Economy Minister Bruno Le Maire announced that an agreement was made with the European Union (EU) Commission for financial aid to the French airline company Air France, which was adversely affected by the new type of corona virus (Covid-19) epidemic.

In a television program he participated in, Le Maire stated that the negotiations with the EU Commission have been concluded, but the amount of aid has not been clarified yet.

Stating that this good news should encourage the company to be more competitive, Minister Le Maire said Air France will have to give up some landing and take-off locations at Orly airport.

The Minister of Economy stated that the state has donated 7 billion euros to the company so far, and that they expect Air France to reduce its carbon dioxide emissions and become the world leader in this regard.

The Air France-KLM partnership had a loss of 7.1 billion euros in 2020 due to the Covid-19 outbreak. The company’s turnover decreased by 59 percent in 2020 compared to the previous year, and its debt doubled to $ 11 billion.

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