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Air France gets EU approval for government aid package
The EU approved a plan for an injection of up to €4 billion by the French government into Air France. It followed weeks of negotiations with the EU commission. There are caveats; Air France must ditch about 18 slots per day at Paris Orly Airport.
"This gives competing carriers the chance to expand their activities at this airport, ensuring fair prices and increased choice for European consumers," EU competition commissioner Margrethe Vestager said.
Air France posted a €7.1 billion loss in 2020. Air France alliance partner KLM will not benefit from the funding.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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