News

EU Approves €4bn Aid Package for Air France

EU Approves €4bn Aid Package for Air France

The European Union has given the green light to a French government plan to help out Air France to the tune of €4 billion. In return for the aid, the airline has to give up 18 slots a day at Paris Orly Airport.

The agreement has come after weeks of negotiation, with EU competition commissioner Margrethe Vestager saying in a statement: “This gives competing carriers the chance to expand their activities at this airport, ensuring fair prices and increased choice for European consumers.”

Like all other carriers, Air France has had a torrid 2020, posting a €7.1 billion loss. The funding will benefit Air France alone and won’t be shared with its alliance partner KLM.

(Photo by Vincent Genevay)

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Fionn Davenport is the editor-in-chief of the ITTN group, including ITTN and ITTN Ireland. He's one of Ireland's best-known travel journalists and writers, with nearly 30 years' experience writing guidebooks for Lonely Planet and others.

More in News

Ireland to Receive 550,000 Extra Doses of Pfizer Vaccine

Fionn DavenportApril 14, 2021

ITAA call on Government to Process Passport Applications and Renewals amid COVID-19 Crisis

Fionn DavenportApril 14, 2021

Glenapp Castle Gives First Look at New Penthouse Apartment

Fionn DavenportApril 14, 2021

Digital ‘Vaccine Passport’ to be In Use by Mid-July

Fionn DavenportApril 14, 2021

Ryanair Loses Another Battle With EU

Fionn DavenportApril 14, 2021

Booking System for Hotel Quarantine ‘Paused’ — Website Shows ‘No Rooms Available’

Fionn DavenportApril 14, 2021

CroisiEurope launches 2022 Programme with 180 Itineraries

Michael FloodApril 14, 2021

US Senate Demands End to Sailing Ban by July 4

Fionn DavenportApril 14, 2021

JetBlue & Qatar Airways to Expand Codeshare Agreement

Fionn DavenportApril 14, 2021

Copyright © 2021 ittn