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.