French State Ready to Aid Airbus if Necessary -Finance Minister
April 29 2020 - 6:33AM
Dow Jones News
By Olivia Bugault
The French state could help Airbus SE, French finance minister
Bruno Le Maire said Wednesday on French TV channel LCI, as the
company reported falling first-quarter earnings this morning on the
back of the pandemic.
Mr. Le Maire said that the state is ready to massively support
the European plane maker if such help becomes necessary. Airbus
posted a net loss of 481 million euros ($521.64 million) in its
first quarter, while sales fell by roughly 15%.
Last week, Air France secured EUR7 billion in financial support
from the French government through direct or state-backed
loans.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
April 29, 2020 06:18 ET (10:18 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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