The French government has announced that it will provide 15 billion euros ($16.9 billion) to support the country’s aviation industry, which has been badly hit by the travel restrictions imposed to blunt the coronavirus pandemic.

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This was disclosed by France Finance Minister, Bruno Le Maire.

“We are declaring a state of emergency to save our aeronautics industry so that it can be more competitive,” Le Maire said at a press conference in Paris.

The plan includes 1.5 billion euros to spur research on a future “carbon neutral plane,” he added.