France is set to bail out its ailing aerospace industry with a rescue package worth billions of euros

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• France is expected to reveal a massive relief package worth billions of euros for its ailing aerospace industry on Tuesday, according to French media outlets.
• The package, which could be worth up to 10 billion euros ($11.3 billion), will aim to revitalize the troubled French airline industry through loan guarantees, preservation of employment, and protection of French firms from foreign takeovers.
• As part of the crisis package, a planned investment fund of 1 billion euros ($1 billion) is meant to aid private aerospace suppliers.
• Visit Business Insider's homepage for more stories.

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In an effort to help its depressed aerospace sector, France is reportedly preparing to unveil an economic rescue package worth billions of euros on Tuesday.

The emergency plan — expected to be valued at around 10 billion euros ($11.3 billion) — aims to revitalize the hard-hit industry through measures such as loan guarantees and job preservation, according to French financial paper Les Echos.

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