The governments of France and the Netherlands will provide a loan of 11 billion euros to save Air France-KLM. Germany's Lufthansa is expected to receive $10 billion in state support, said sources close to Bloomberg . Both of Europe's largest air carriers have warned the authorities that they will not survive without state assistance.

News about assistance to the aviation industry became the main driver of European indices on Monday morning - the quotes of both airlines, which have lost half of their capitalization since the beginning of the year, rose by 10%.

France and the Netherlands will issue two separate direct loan and guarantee packages for Air France-KLM. The rescue of Lufthansa, in addition to Germany, should involve the governments of Austria, Belgium and Switzerland - and this is fraught with political friction, the agency notes.

Separately, Condor will receive an anti-crisis loan of 550 million euros from the government of Germany and the federal state of Hesse.

to According the International Air Transport Association (IATA), the global coronavirus epidemic will cost the airline industry about $89 billion in lost revenue. Under the threat of bankruptcy - half of the world's airlines.
Russia allocates 23 billion rubles for emergency support of Russian airlines. This money will be spent on fixed costs: leasing of aviation equipment, replenishment of working capital, payment of salaries and payment for aircraft parking.

Europe began to save the largest airlines