France's government has announced 15 billion euros ($16.9 billion) in aid for the virus-battered aerospace industry, including plane maker Airbus and national airline Air France.
(AP Photo/ Francois Mori, File)PARIS Frances government announced 15 billion euros ($16.9 billion) in rescue money on Tuesday for the pandemic-battered aerospace industry, including plane maker Airbus and national airline Air France.
It also includes a special fund jointly financed by the government, Airbus and other big manufacturers to support small suppliers.
It includes 7 billion euros in loans and loan guarantees that the government had already promised to Air France, whose planes were almost entirely grounded by the virus.
The government predicted it will be 2023 before the industry reaches pre-crisis levels.