French airline already in need of a bailout
France's Los Echos says the government is looking at potentially raising its stake in Air France-KLM to help prop up the airline.
The economy minister and CEO discussed ways to support the airline. The government already holds a 14.3% stake.
Earlier there was a denial and the company has already laid off 2,000 employees. Yesterday the airline tapped a 1.1B euro facility.
Lots of airlines are going to be bailed out in the next few months but the speed of this one is shocking to me. Overall, the scope of bailouts and deficits on this crisis is going to be astronomical. Trump has already mulled bailouts for cruise ships and shale oil.
