But it was not until the coronavirus pandemic. Chained to the ground planes, empty airports, reducing orders. As stated by the Minister of economy and Finance of France Bruno Le Mayor, “the crisis abruptly stopped which lasted 30 years of successful development of aviation”, as indeed many other industry sectors. Calling the situation extremely dangerous, the Minister presented the state plan to rescue the industry, providing a financial assistance of 15 billion euros.
“We are introducing a state of emergency to rescue the aviation industry. If we don’t do something in the next six months a third of the personnel of the industry risks being left without work”, – said the Minister.
Where specifically is directed massive state aid? Seven billion gets one of the major clients of aircraft manufacturers – the national airline Air France, which in particular will enable her to purchase, as planned, 98 А220 Airliners Airbus and the A350.
Created a special Fund of one billion euros, which will keep afloat hundreds of specialized small and medium-sized enterprises working in the aviation field. More than three billion euros will be invested in research funding. And half of this amount, as explained by Bruno Le Mayor aims at developing new environmentally-friendly aircraft with hydrogen fuel cells. It is expected to be available in 2035.
moreover, the industry, as in the beginning of the pandemic, will have the opportunity to receive state loans and state guarantees in foreign trade transactions. This is not to mention that the employed in the industry of staff retained Treasury paid by the mode of temporary unemployment.
Also announced that all possible assistance to aircraft will be given by the Ministry of defence. It was moved to this year is the purchase of aircraft for 600 million euros that was scheduled for a later date.
the Aircraft industry is not the only industry in which revenue now comes the French government. Earlier the amount of even more than 18 billion allocated to the tourism business of the country, eight billion the automakers got seriously injured from falling sales over the last few months of quarantine.
In the near future the government must be declared global anti-crisis budget, which, presumably, will exceed 400 billion Euro, and understandably so. After the shock of the crisis was so furious that, according to the Ministry of economy, the country’s GDP this year will shrink by an unprecedented 11 percent. As for the Bank of France, the forecast of its experts, to pre-crisis levels, the national economy will be able to return until mid-2022.
