Airlines
Air France Gets $4.7 billion More in Aid from French State
The European Commission has approved the French bailout of Air France subject to conditions, including surrender of 18 daily slots at Paris Orly Airport.
Air France's narrowbody fleet includes 20 Airbus A321s. (Photo: Air France)
Air France's narrowbody fleet includes 20 Airbus A321s. (Photo: Air France)

The French state stands to become Air France-KLM’s largest single shareholder, potentially owning just under 30 percent of the Franco-Dutch group, following a deal that will see Air France receive up to €4 billion ($4.7 billion) for its recapitalization. The European Commission said it approved the recapitalization aid under the bloc’s subsidy rules because it will prevent the insolvency of Air France and its holding company, which would have serious consequences on French employment, connectivity, and foreign trade.


Loading…