Airlines

France wobbles on plan to sell majority stake in Paris airports

France's just over 50% stake in Aeroports de Paris valued at about €7.9 billion

bloomberg

19.12.2017

France is wavering on a plan to sell part of a $9 billion (€7.6 billion) stake in Paris's two main airports to avoid hurting Air France-KLM, the airline in which the government also has a significant investment, according to an official with knowledge of the matter.

President Emmanuel Macron's government has sought to divest shareholdings, which include Charles de Gaulle and Orly airports owner Aeroports de Paris, and put the funds towards a programme to boost innovation. Yet any action will need to not damage Paris-based Air France, said the state official, who asked not to be named because the plan isn't public.