Air France Gets Green Light From Brussels For $4.7B Bailout

France
Credit: AaronP / Bauer-Griffin / GC Images
The European Commission (EC) has approved a €4 billion ($4.7 billion) French government-backed recapitalization plan for Air France, but in return the flag-carrier must relinquish 18 daily slots at Paris Orly airport to alleviate Brussels’ competition concerns. Negotiations with the EC had been...

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