Macron Is Set to Unveil Rescue Package for French Aerospace
- Fund for suppliers, Airbus order guarantees part of package
- Incentives for biofuels, cleaner jets may also come Tuesday
Photographer: Balint Porneczi/Bloomberg
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France’s rescue plan for its pandemic-hammered aerospace industry includes incentives to develop less-polluting aircraft, an extension of part-time work subsidies and money targeted at developing aviation biofuels, according to people familiar with the matter.
Elements of the package, set to be announced Tuesday by President Emmanuel Macron, have trickled out over the past week. Finance Minister Bruno Le Maire said on May 31 that the government would create an investment fund to help struggling suppliers. On Thursday, he lifted the veil on another aspect, saying France will guarantee some Airbus SE aircraft orders to avoid cancellations.