Air France Announces 22 New Destinations As Its Set To Receive €4 Billion More In Aid

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Nancy Heslin   Forbes Monaco

Air France Announces 22 New Destinations As Its Set To Receive €4 Billion More In Aid

Air France announced today its 2021 summer schedule with 22 new destinations to France, Europe and North Africa. In total, the French carrier will service 80 seasonal connections from Paris and regional airports in addition to its regularly scheduled flights.

“This schedule is likely to change depending on travel restrictions” and the current health situation, the airline stated, adding the summer schedule for long-haul flights will soon be released.

On the medium-haul network, 14 new routes include from Nice to London and Tunis, as well as from Marseille to Catania and Corfu. Roissy will connect to Tangier and Agadir (Morocco), Monastir (Tunisia), Valletta (Malta), Las Palmas (Canary Islands), plus to Corfu and Rhodes (Greece). From Orly, destinations will comprise Bari (Italy), Ibiza (Balearic Islands) and Algiers.

Eight new domestic flights will connect Roissy to Ajaccio, Bastia, Calvi and Figari airports in Corsica. Perpignan will fly to Brest, Strasbourg and Nantes, and Caen will service Biarritz.

In February, as the International Air Transport Association reported that global air passenger traffic tumbled by a 66% last year, Air France-KLM revealed a record €7.1 billion loss in 2020. Yesterday, the minister of economy Bruno Le Maire confirmed that the State will become “the largest shareholder of Air France” by converting a loan of €3 billion into equity and increasing capital by injecting “up to one billion euros” to reach “a little less than 30%” of the capital of the company.

The €4 billion ($4.7 billion) agreement, which comes after tough negotiations with the EU commission to ensure that state aid does not give companies an unfair advantage, is on the condition that Air France cedes 18 slots at Orly airport. France currently owns 14.3% of the Air France-KLM group and the Netherlands owns 14% after purchasing an additional 12.68% in 2019.

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Nancy Heslin   Forbes Monaco

Nancy Heslin is an established journalist and lifestyle writer. She has been the Editor-in-Chief of Forbes Monaco magazine (bimonthly in English) , since the magazine's 2nd issue . Launched in November 2018, Forbes Monaco is part of the Forbes family, with its 7 million readers and 71 million monthly website visitors worldwide.