PARIS, April 25 ― France said yesterday it was readying a “historic” package of multi-billion euro loans to help carmaker Renault and flag-carrier Air France through the crisis caused by the coronavirus. For Air France, a €7 billion (RM32.9 billion) package is planned and for Renault €5...
For Air France, a €7 billion package is planned and for Renault €5 billion, Finance Minister Bruno Le Maire announced. — Reuters pic
He said the package was needed to save Air France amid an unprecedented industry crisis but warned the money would come with strings attatched, with the airline notably having to improve its environmental credentials. “We are behind Air France, behind the employees of Air France to guarantee our independence and save jobs,” he added, while denying that nationalisation was on the cards.
“Air France needs to present a plan for reducing CO2 emissions and transforming its fleet to be less polluting,” he said. “What is at stake here is our automobile industry. Renault is an industrial flagship that belongs to our culture and history,” he added.
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