Employees do maintenance tasks on an Airbus A320 engine in the recycling and storage yard at the base of French aerospace company Tarmac Aerosave in Azereix near Tarbes, France. - reuters filepic
PARIS: A French emergency plan for the aerospace industry to be unveiled this week could be worth up to 10 billion euros (£8.91 billion), including an expected 1 billion euro investment fund, business newspaper Les Echos reported on Sunday.
The plan, aimed at helping the sector recover from the fallout of the novel coronavirus pandemic that has slashed air travel, will comprise various measures including loan guarantees and support for research and development, Les Echos said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
