French Finance Minister on Aerospace sector

One of the hardest hit industries

One of the hardest hit industries
  • Everything will be done to save the aerospace sector
  • Support and innovation to remain in place while the sanitary crisis lasts
  • Says this time can an 'opportunity' for the sector.

Air France are in trouble. Yesterday they laid off a further 800-1000 jobs. This was on top of the already 5,000 layoffs from 2020. Of course they are not the only airline in trouble as many are. To get a sense of how bad it is German airline Lufthansa reported yesterday that they are now losing 1million euros every two hours.

This was an improvement according to their CEO.

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