Aerospace Technology

The European Commission (EC) has approved a €7bn French guarantee and shareholder loan to Air France as the coronavirus (Covid-19) pandemic severely affects airlines’ operations.

Falling under EU State aid rules, the loan is to provide liquidity support to the company.

Last month, Franco-Dutch airline holding company Air France-KLM and Air France secured the funding and was due to be approved by the commission...more

Not a member?
Take a look at our member benefits