France announces US$16.9b in aid to aviation industry - News Summed Up

France announces US$16.9b in aid to aviation industry


Some environmental activists expressed skepticism about green ambitions for such a high-emission industry. It also includes a special fund jointly financed by the government, Airbus and other big manufacturers to support small suppliers. It will aim at modernizing the production chain and preserving European aviation know-how, Le Maire said. France and Europe will retain their position.”The government will help Air France buy Airbus planes, and pledged to order 600 million euros worth of refueling tankers, drones and helicopters from Airbus’ defense arm. The rescue plan includes investment in developing the successor to Airbus’ widely used mid-range A320, a new hybrid or hydrogen regional plane, and a new light helicopter.


Source: The Standard June 09, 2020 10:41 UTC



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