(C) Reuters. FILE PHOTO: ir France planes on the tarmac at Paris Charles de Gaulle airport in Roissy-en-France
BRUSSELS (Reuters) – The European Union’s competition watchdog on Monday approved 7 billion euros worth of French state aid for Air France AIRF.PA.
“This EUR7 billion French guarantee and shareholder loan will provide Air France with the liquidity that it urgently needs to withstand the impact of the coronavirus outbreak,” the EU’s top competition official Margrethe Vestager said in a statement.
EU clears 7 billion euros in state aid for Air France
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