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		</div><p>The French government has announced a “historic” €7 billion (£6 billion) aid package to rescue Air France, whose planes have been grounded by virus lockdowns around the world.</p>
<p>Speaking on national television TF1, Finance Minister Bruno Le Maire pledged four billion euros of loan guarantees and three billion euros of direct loans to “save our national airline”.</p>
<p>In exchange for the bailout, Mr Le Maire said the government would set conditions of profitability and more environmentally sustainable, less polluting policies.</p>
<p>He said the government is not currently considering nationalising Air France.</p>
<p>Air France-KLM chief executive Ben Smith hailed the<em> “unparalleled vote of confidence”</em> from the government, which is the airline’s largest single shareholder.</p>
<p>The company would have run out of cash <em>“in the very near future”</em> without this help, he said.</p>
<p>He promised the company would <em>“rethink our model immediately”</em> to stay competitive once virus confinement measures start allowing more air travel.</p>
<p>The French government is also considering a €5 billion loan guarantee for carmaker Renault, Mr Le Maire said.</p>
<p>Meanwhile, the Dutch government has pledged up to €4 billion to save flag carrier KLM amid the coronavirus crisis.</p>
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