French Minister of Transport: temporary nationalization of airlines – economy – the world today

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French Transport Minister Jean-Baptiste Gebbary said that the possible nationalization of airlines affected by the slowdown in travel, caused by the new Corona virus epidemic, should be temporary, according to Bloomberg News reported today.

The minister added to “Europe 1” radio that the nationalization of airlines represents “a technical and temporary option, but you need a project and strategy.” “The nationalization of a short-term solution company,” he added.

France and the Netherlands each own a 14% stake in Air France-KLM, which has agreed to a government rescue plan with government loans and guarantees.

But as the epidemic is accelerating in Europe, uncertainty about travel and the future of airlines grows and governments may be asked to intervene again.

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