4/29/2020, 9:36 AM (Source: TeleTrader)
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Le Maire: France could help Airbus if needed

France could provide Airbus with "massive" state aid if needed, Finance Minister Bruno Le Maire said on Wednesday.

Speaking to local media, the minister noted that Air France will need to be "a good customer" to Airbus after it received €7 billion from the state. The comments come after Airbus announced its adjusted earnings before income and tax fell 49% in the first quarter of the year.

Air France-KLM is poised to receive up to €12 billion when the aid from France is added with the package the Netherlands is preparing for KLM.

Breaking the News / VP