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French state may change into largest shareholder in Air France: minister By Reuters 

© Reuters. FILE PHOTO: The primary Air France airliner’s Airbus A350 prepares to take off after a ceremony on the plane builder’s headquarters in Colomiers close to Toulouse, France

PARIS (Reuters) – The French state will be capable to elevate its shareholding in Air France to just about 30% and change into its largest shareholder underneath a state-backed refinancing to assist the airline via the COVID-19 disaster, French Finance Minister Bruno Le Maire stated on Tuesday

Underneath the plan accepted by the European Fee, France will convert 3 billion euros ($3.54 billion) of already granted state assist into hybrid devices and lift as much as 1 bilion euros in new fairness capital, Le Maire informed France Inter radio.

($1 = 0.8467 euros)

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