Bruno Le Maire confirmed on TF1 on Friday "support Air France" to the tune of 7 billion euros to offset the effects of the coronavirus. "We must save our national company," said the Minister of Economy. Air France, like all airlines, was particularly affected by the health crisis. The majority of its planes are on the ground for lack of passengers.
The loan will come from two sources: 4 billion euros provided by the banks and 3 billion by the State. Nationalization, discussed in recent weeks, "is not on the agenda" said the Minister of Economy, the same goes for the rise of the state in the capital of Air France.
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5 billion under study for Renault
The Minister of the Economy also announced that the State wishes to help the Renault group. "We are working on a loan of 5 billion euros", a loan "guaranteed by the state" said the minister. Financial support that the minister described as "massive" in a "historic" context. "I want every entrepreneur to know that the state will be by his side" said Bruno Le Maire.
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>> More information to follow