Announcement
04 May 2020
In May 2020, the European Commission approved two urgent liquidity support measures to Air France following the COVID-19 outbreak.
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
1 in force
Implementation date
04 May 2020
Revocation date:
No revocation date
Loan guarantee
In force
On 04 May 2020, the EU approved a EUR 7 billion (approx. USD 7.7 billion) French aid measure to Air France in the context of the COVID-19 outbreak. The measure is composed of two elements: (1) a State...
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State loan
The second element of the EU Decision of 04 May 2020 is the subordinated shareholder loan of €3 billion (around USD 3.3 billion) the French state with a maturity of four years. According to the press ...
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Related State Acts
19 Mar 2020
EU: Commission adopts state aid Temporary Framework to allow financial support schemes due to COVID-19 (extended until June 2022)
13 Jul 2020
Netherlands: Dutch government provides EUR 3.4 billion urgent liquidity support to KLM (COVID-19)
05 Apr 2021
France: Further EUR 4 billion support granted to Air France
16 Feb 2023
France: Additional EUR 1.4 billion support to Air France due to the losses caused by the COVID-19 pandemic
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