Paris wants to save the air travel industry with 15 billion Euro | economy

hundreds of thousands of work in France, in the aviation industry. The Corona pandemic has brought the air traffic virtually to a Standstill. The industry is in

Paris wants to save the air travel industry with 15 billion Euro | economy

hundreds of thousands of work in France, in the aviation industry. The Corona pandemic has brought the air traffic virtually to a Standstill. The industry is in an unprecedented crisis. Paris is now deep into the pocket to save his "national Pride".

Paris (Reuters) - a 15 billion Euro heavy rescue package, France intends to support his of the Corona-crisis, hit hard by the aviation industry.

"this Morning we call in to the state of emergency to save our aviation industry," said economic and Finance Minister Bruno Le Maire.

In the coming months, 100,000 jobs are in danger are. "100,000 jobs could disappear, if we act now," warned the Minister. To the aid for the battered industry also has ambitious plans for more environmentally friendly aircraft hang.

To 8 billion euros for the car industry and 18 billion for the tourism industry, the air travel is in France now on the number. "It is a national pride and one of the greatest industrial achievements of our Nation in the 20th century. Century," the Minister said.

In the past few decades, it had grown steadily, the order books of Airbus had been filled. Alone in the aviation and aerospace group with a control centre in Toulouse, around 48,000 people work. In the industry it will go to 300.000 direct and indirect jobs, according to the Minister.

"The crisis brought this growth to an abrupt standstill," said Le Maire. It is expected that air transport is achieved only in two or three years from December 2019. "We have to save our aviation industry."

In the 15-billion-Euro Plan announced a seven-billion-Euro Credit support for Air France. The government has also decided to give the airlines a twelve-month Moratorium on the repayment of export credits grant. This fails with 1.5 billion euros to beech.

In the next three years will be invested 1.5 billion euros for research and development in environmentally friendly technologies. The goal of a CO2-neutral aircraft in 2035 is. You will develop the next generations of transport aircraft, helicopters and business aircraft, as Le Maire.

be equipped with new drive systems, and would emit less CO2. "What is at stake is Europe's place in the world industry in the next century," warned the Minister. You will not let the global air travel-will split the market between China and the United States, France and Europe would keep their place.

It was the first Time that industrial growth giants such as Airbus, Safran, Dassault Aviation and Thales have agreed on the use of funds to support the French industrial structure. In addition, small and medium-sized aviation companies are to be modernized in order to be more competitive. You are behind here in the digitization and wool do not fall behind Germany or Italy.

Airbus CEO Guillaume Faury had previously spoken in the light of the Corona-crisis of an existential threat to the industry. The group welcomed the one-billion Plan. "This is an important milestone both for our business with commercial aircraft, ( ... ), as well as for our defence businesses, which protect the national sovereignty," said Faury, according to the memo. The Plan will help the short-term impact of the crisis to weaken it. Airbus will continue its leading role in the Mission, by 2035, the first emission-free airliner to introduce.

A big issue is also the position of the suppliers. The French industry Association Gifas speaks of 400 suppliers affected by the crisis. "This Plan is ambitious and historically," said Eric Trappier, CEO of Dassault Aviation, and Chairman of the Association, to the notice of the government. "Today's announced Plan is a constituent instrument of industrial France, after the crisis, and its future back."

reaction Airbus

Updated Date: 12 June 2020, 06:35

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