Air France must slash domestic traffic in exchange for state aid, minister says
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Air France will have to "drastically" reduce its domestic air traffic in exchange for state loan guarantees, French Environment Minister Elisabeth Borne said on Sunday.
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Domestic routes were served by alternatives in the form of high-speed trains, she noted in an interview with France Inter radio.
The government last month offered the airline a 7 billion euro ($7.6 billion) package made up of state-guaranteed bank loans and loans directly from the state.
In exchange for the loan guarantees, the airline had promised to reduce domestic CO2 emissions by 50% by 2024, Borne added.
(REUTERS)
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