France earmarks $17b for aerospace industry

France earmarks $17b for aerospace industry

We must save our aerospace industry," Le Maire said, adding that 100,000 jobs are threatened and a recovery is likely to take two to three years.. In France, the industry employs about 300,000 people and generates 58 billion euros in annual revenue.. Le Maire has also said the carrier should be a "good customer" for Airbus.. Le Maire said a "political choice" had been made to back development of cleaner jets rather than some kind of cash-for-clunkers scheme to scrap older aircraft, which he said would be less efficient at lowering carbon emissions and would require European coordination.. The addition by Airbus of an assembly line in Toulouse for the A321 XLR hasn't been derailed," Le Maire said, but for it to go ahead "there needs to be orders..