UK markets closed

France: closely monitoring Air France KLM, nationalisation not only option

FILE PHOTO: French Finance Minister Bruno Le Maire looks on during a meeting with his Greek counterpart Christos Staikouras (not pictured) at the Finance Ministry in Athens

PARIS (Reuters) - French Finance Minister Bruno Le Maire said on Tuesday that the government was closely monitoring the situation at Air France KLM <AIRF.PA>, which has been hit hard by the coronavirus crisis, and that nationalisation was not the only option.

"There are possibilities other than a nationalisation in order to support Air France KLM," Le Maire told reporters.

Le Maire added that France's economic contraction would be much worse than the -1% that had been expected earlier this month.

(Reporting by Leigh Thomas and Gwenaelle Barzic; editing by Louise Heavens)