France To Support Aviation Sector With €15bn

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The French government will provide 15 billion euros ($16.9 billion) to support the country’s aviation industry, which has been hammered by the travel restrictions imposed to blunt the coronavirus pandemic, Finance Minister Bruno Le Maire said Tuesday.

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“We are declaring a state of emergency to save our aeronautics industry so that it can be more competitive,” Le Maire said at a press conference in Paris.

The plan includes 1.5 billion euros to spur research on a future “carbon neutral plane,” he added.

(AFP)

Yetunde Adegoke

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