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