Finance, Taxes, Insurance
France Unveils €15 Billion Aid Package For Aviation Industry
Government funding includes existing support for Air France, plus a further €8 billion for various aspects of the aerospace sector.
French finance minister Bruno Le Maire said the €15 billion aid package was needed to support 100,000 aerospace jobs at risk in the Covid-19 crisis. [Photo: Safran]
French finance minister Bruno Le Maire said the €15 billion aid package was needed to support 100,000 aerospace jobs at risk in the Covid-19 crisis. [Photo: Safran]

The French government on Tuesday announced a €15 billion ($17 billion) aid program to support the country’s aviation industry. The package includes €7 billion already committed to support flag carrier Air France and to bring forward orders for Airbus tanker aircraft for France’s military forces.