My of my... Do I want to take you seriously now !
The money the airline got was used mainly to fund the retirement plans of most employees who were earning very, very, very decent salaries, some was used to lower the debts AF had.
In order for AF to get all of this, no more planes to be ordered until 1996, 5 full years without being able to order an aircraft, flying old ones, every majority stake in most airlines AF owned had to be sold and gone were TAT, SABENA. No expansion was aloud, no new routes, nothing ! AF was forced to live of what it had. Christian blanc had to lower the cabin crew's wages by 30 % and increase the flying hours by 30 % !!! He renegotiated every single contract AF had with the caterer's, airports etc... With the money saved he launched a new product called Le Printemps d'Air France, in came the Euroconcept for European flights and the launch of l'Espace and Tempo products.
AS of today France is holding 53% of the airline. Should the actual government stay in place you will see that within a year AF will be a private airline as the transport ministry has expressed its intention to sell its shares in the airline.
Yes we got some money from the government post Septmeber 11. But all French airlines did and some others worldwide did also and this can not be qualified as state aid, but compensation and AF 's result do not take into account any of this money nor aircraft cession.
AF Cabin Crew
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Photo © Alain Mengus