Aerotimes Hub - Clement Charpentreau

The French government offered financial support to its national carrier in the form of two loans, one from six banks guaranteed by the state, and one direct shareholder loan from the state, for a total of €7 billion. According to Le Maire, a nationalization of Air France or an increase in the capital of the group is “not on the agenda” for now.

However, one of the conditions to obtain the aid requires Air France to  “drastically” reduce its domestic network when passengers have an alternative to travel by train. “As soon as there is a rail alternative to domestic flights that last less than 2 hours 30 minutes, these flights will have to be drastically reduced and to be frankly limited for a transfer to a hub,” Minister of Economy Bruno Le Maire explained to the National Assembly....more

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