France pledges 15bln euros to support aviation industry

Announcing a 15 billion-euro bailout package for aircraft manufacturer Airbus and aerospace industry companies, as well as for national carrier Air France, economy minister Bruno Le Maire said, 'We will not let the global aeronautical market be divided between China and the United States. France and Europe will be there too".

Reading articles is for subscribers only. Subscribe now.

France has pledged nearly $17 billion to support Airbus, Air France and its wider aviation industry, saying Europe cannot fall behind China and the United States in the global aerospace race as a result of the Covid-19 virus pandemic, reports CNN.