Loan of 7 billion euros to save Air France

Prêt de 7 milliards d'euros pour sauver Air France

The airline company Air France will receive loans totalling 7 billion euros, but nationalisation is not on the agenda, announced on Friday the French minister of Economy, Bruno Le Maire.

These loans will break down in 4 billion in bank loans guaranteed by the State and $ 3 billion in direct lending to the State, said The Mayor during an interview on TF1. “It is necessary to save our national carrier “, he added describing this plan as” historic “.

More details will follow…

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