European Commission approves French airline tax deferment scheme

The European Commission (EC) has approved a French scheme allowing airlines to defer the payment of some taxes to help them weather the COVID-19 crisis by reducing pressure on their cash flows. The EC said the French scheme is in line with European Union state aid rules. The plan will allow for the deferral of some taxes for the aviation sector, with the aim of compensating airlines for the damage the coronavirus outbreak has caused them and reducing pressure on their cash flows. The scheme will be accessible to airlines with an operating license in France and will offer them