Air France-KLM Wins EU Approval for $7.7 Billion Bailout
- French minister says carrier will cut back on domestic service
- Dutch state has also pledged billions for troubled carrier.
Air France-KLM aircraft sit grounded at Blagnac Airport in Toulouse, France, on Aptil 27.
Photographer: Balint Porneczi/BloombergThis article is for subscribers only.
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Air France-KLM won European Union approval for a 7 billion-euro ($7.7 billion) French aid package that Finance Minister Bruno Le Maire said will lead to cutbacks in domestic services.