TELETRADER News
4/7, 4:52 PM (Source: TeleTrader)
more TeleTrader news

Le Maire: France to keep supporting aviation sector

French Economy and Finance Minister Bruno Le Maire stated on Wednesday the government would continue to financially support the country's "air transport sector, the small- and medium-sized companies [...], the aerospace industry, Airbus, and the entire [...] industry," heavily affected by the COVID-19 pandemic.

Le Maire reaffirmed the Hotel de Matignon would invest €4 billion in the recapitalization of Air France-KLM SA and thus obtain nearly 30% of the company's stake.

His comments come shortly after the International Air Transport Association (IATA) stated it had noted "no signs" of the airline sector recovering soon. Earlier, Le Maire projected the French economy would see a "strong rebound" in 2021.

Breaking the News / JR