Shock for CMA CGM as a deputy CEO decides to quit
Air logistics veteran Peter Penseel has quit as deputy CEO of CMA CGM Air Cargo, ...
© Khunaspix Dreamstime.
France 24 reports:
France said on Friday it was readying a “historic” package of multi-billion euro loans to help carmaker Renault and flag-carrier Air France through the crisis caused by the coronavirus.
For Air France, a seven billion euro ($7.5 billion) package is planned and for Renault five billion euro ($5.4 billion), Finance Minister Bruno Le Maire announced.
He said the package was needed to save Air France amid an unprecedented industry crisis but warned the money would come with strings attached, with the airline notably having to improve its environmental credentials.
To read the full post, please click here.
Comment on this article