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Europe Daily Bulletin No. 12479

5 May 2020
EU RESPONSE TO COVID-19 / State aid
Commission approves French plan to provide €7 billion of urgent liquidity to Air France
Brussels, 04/05/2020 (Agence Europe)

The European Commission announced on Monday 4 May that it had approved the French government's €7 billion aid plan for Air France.

The measures were approved under the Temporary Framework for State Aid adopted by the Commission on 19 March 2020, as amended on 3 April 2020, and directly based on Article 107(3)(b) of the Treaty on the Functioning of the European Union (TFEU).

The plan is made up of €4 billion of loans 90% guaranteed by the French State, and direct loans of €3 billion.

Contents

EU RESPONSE TO COVID-19
INSTITUTIONAL
SECTORAL POLICIES
ECONOMY - FINANCE - BUSINESS
EXTERNAL ACTION
SOCIAL AFFAIRS
COUNCIL OF EUROPE
NEWS BRIEFS
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