France's government announced €15 billion (around $22.7 billion Cdn) in rescue money on Tuesday for the pandemic-battered aerospace industry, including plane maker Airbus and national airline Air France. In exchange for the aid, companies will be required to invest more and faster in electric, hydrogen or other lower-emission aircraft, as France aims to make its aviation industry the "cleanest in the world." "We will do everything to support this French industry that is so critical for our sovereignty, our jobs and our economy," Finance Minister Bruno Le Maire said. The money includes direct government investment, subsidies, loans and loan guarantees. It also includes a special fund jointly financed by the government, Airbus and other big manufacturers to support small suppliers.

Source: CBC News June 09, 2020 09:52 UTC