The French aviation industry is in disarray after two lucrative airport deals have suffered setbacks. A new client alert from Reed Smith partners based in Paris, Victoria Westcott and Guilain Hippolyte, explains the situation. The Chinese owners of Toulouse airport were looking to sell 49.9% shares, since then the airport is now owned by a consortium that is no longer authorised to own it, leaving it in a legal quagmire that will take months to unpick. The privatisation of Toulouse airport, which closed in 2015, was the first major airport privatisation in France. At the time, it was already a controversial

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