France is expected to reveal a massive relief package worth billions of euros for its ailing aerospace industry on Tuesday, according to French media outlets.
As part of the crisis package, a planned investment fund of 1 billion euros is meant to aid private aerospace suppliers.In an effort to help its depressed aerospace sector, France is reportedly preparing to unveil an economic rescue package worth billions of euros on Tuesday. European airline manufacturer Airbus, aircraft engine-maker Safran, defence avionics group Thales, and several other French suppliers have suffered from a sharp decline in business as airlines cut back.France's economic minister, Bruno Le Maire, along with the transport and defence ministers, are set to unveil the emergency package, including a potential 1 billion euro investment fund, on Tuesday.
Source: News Formal (newsformal.com)
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