Poll: Which Region’s Governments Have Offered Airline Aid Most Equitably?

French airline Corsair is negotiating a rescue plan which could involve new shareholders, a source has told Aviation Daily, confirming information initially reported by online publication La Tribune.

Corsair, which was not profitable even before the COVID-19 crisis caused demand for air travel to almost disappear, has been working on a turnaround plan that would allow it to apply for a state-guaranteed loan, the source said. The airline would need to secure further funding, the source said, with existing shareholders expected to take part and a search for possible new shareholders underway.

France’s economics and finance minister Bruno Le Maire has said the state would be willing to provide financial support to Corsair to help it weather the COVID-19 crisis, providing its shareholders also increased their support.

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