French aerospace crisis plan could total 10 billion euros: Les Echos

A French emergency plan for the aerospace industry to be unveiled this week could be worth up to 10 billion euros ($11.3 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.

France’s economy ministry declined to comment.

The country’s transport minister said earlier on Sunday that France was seeking to create a 1 billion euro fund as part of the crisis package.