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Air France liquidity state aid guarantee extended by two more years

( December 1, 2021, 13:16 GMT | Official Statement) -- MLex Summary: A 7 billion-euro state aid package to help Air France shoulder the Covid-19 pandemic has been modified to ensure that the guarantee will be in place for two more years, until May 2025, the European Commission said today, approving the changes. The commission concluded that the measure remains necessary, appropriate and proportionate to remedy a serious disturbance in the economy of a member country. The support, granted last year, included a state guarantee on loans and a shareholder loan to provide urgent liquidity.Statement follows. ...

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