May 4, 2020 / 6:29 AM / 23 days ago

EU clears 7 bln euros in state aid for Air France

BRUSSELS, May 4 (Reuters) - The European Union’s competition watchdog on Monday approved 7 billion euros worth of French state aid for Air France AIRF.PA.

“This €7 billion French guarantee and shareholder loan will provide Air France with the liquidity that it urgently needs to withstand the impact of the coronavirus outbreak,” the EU’s top competition official Margrethe Vestager said in a statement. (Reporting by Gabriela Baczynska, editing by Ed Osmond)

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