Page 68 - Benjamin Smith News Today

Published on: Wednesday, April 07, 2021 By: AFP Grounded Air France airplanes at the Roissy-Charles de Gaulle airport in Roissy-en-France, north of Paris. PARIS: The EU authorised the French government on Tuesday to double its stake in Air France and inject up to four billion euros into the struggling airline whose revenues have been hit by the pandemic-induced drop in passenger traffic. The agreement, worth $4.7 billion, follows weeks of negotiations with the EU commission, which must ensure t...

French Government To Offer €4bn Bailout To Air France-KLM, Will Become Carriers Biggest Shareholder 1 Sputnik International https://sputniknews.com/europe/202104061082553322-french-government-to-offer-4bn-bailout-to-air-france-klm-will-become-carriers-biggest-shareholder/ The French state would become the European carriers largest shareholder after offering the bailout package, which aims to rescue the firm amid a major ongoing pandemic which has halted most global traffic due to national loc...

Air France to Get a $4.7 Billion Government Bailout: Live Updates RIGHT NOW Air France is considered too big to fail in its home country, but the company’s debt has ballooned during the pandemic.Credit...Christian Hartmann/Reuters Air France on Tuesday said it would receive a new bailout from the French government worth 4 billion euros ($4.7 billion) to help the beleaguered airline cope with mounting debts as a third wave of pandemic lockdowns around Europe prolong a slump in continental air...

The European Commission has approved a plan for France to provide up to €4 billion in aid to Air France, which has suffered from the collapse of passenger traffic due to the coronavirus pandemic. The French state will increase its stake in the airline to “just under 30%”, French economy minister Bruno Le Maire announced on Tuesday, up from its current 14.3% holding. As part of the deal, to ensure state aid isn’t giving the company an unfair advantage over its competitors, Air France wil...

Air France Gets EU Green Light For 4 Bn Euro Aid By Tangi Quemener with Daniel Aronssohn in Brussels 04/06/21 AT 6:06 AM The EU authorised the French government on Tuesday to double its stake in Air France and inject up to four billion euros into the struggling airline whose revenues have been hit by the pandemic-induced drop in passenger traffic. The agreement, worth $4.7 billion, follows weeks of negotiations with the EU commission, which must ensure that state aid does not give companies...

By Raf Casert and Sylvie Corbet, Associated Press  | | Air France will give up 18 takeoff and landing slots at Paris-Orly airport. Photo Credit: Santi Rodriguez/Shutterstock.com BRUSSELS (AP) -- The European Union has approved $4.7 billion in state aid for national carrier Air France as it struggles through the economic impact of the Covid-19 pandemic, a decision the French government welcomed as "good news." In return for the aid, the carrier has promised to make slots available to competitor...

French government to become Air France-KLMs largest shareholder as after bailing out the stricken airline Daily Mail City & Finance Reporter © Provided by This Is Money MailOnline logo The French state will become the largest shareholder in Air France-KLM under a rescue deal for the stricken airline. The government will increase its stake in the carrier from 14.3 per cent to as much as 29.9 per cent. It will also contribute up to £3.4billion as part of a refinancing plan –...

TikTok star Rochelle Hager killed after vehicle hit by tree branch Print this article A popular TikTok user from Maine died on Monday after a gust of wind blew a large pine tree branch into the side of her vehicle. Rochelle Hager, 31, was talking to her fiance, Brittanie Lynn Ritchie, 28, on a cellphone mounted in her vent while driving south on Knowlton Corner Road in Farmington just before 10 a.m. when a pine tree limb crashed onto the roof of her car, according to Central Maine. Farmington...

Hager, who died in a freak auto accident Monday, was an executive chef, video maker, and all-around amazing woman, her loved ones said. 

MASSIVE SOLAR POWER INCREASE WOULD DAMAGE THE CLIMATE, SAYS STUDY New research published in the scientific journal Geophysical Research Letters indicates a solar farm covering 20 percent or more of the Sahara Desert could (in theory) provide enough electricity to power the world. However, the same research indicates it would probably result in profound global environmental harm, including a redistribution of precipitation that would cause droughts in various regions, an increase in global surf...