PARIS, Jan 25 (Reuters) - The French state will inject 5 billion euros in banks with the specific aim of helping airlines finance the purchase of aircraft in order to support Airbus , the daily Les Echos reported on Sunday.
Les Echos said the state would inject the money into banks with a record of lending to the aeronautical industry. The newspaper named Calyon, Societe Generale and BNP Paribas.
'The aim is to prevent airlines from cancelling orders citing difficulties in raising money,' said the newspaper, which did not give its sources.
The report was on the front page of the newspaper's Monday edition, which was sent to media in advance on Sunday.
A French industry source said the plan, which appeared to have originated from the prime minister's office, would provide help on a broad basis to the banking industry and aerospace was one of several industries expected to benefit directly or indirectly.
Airbus could not be reached for comment.
(Reporting by Estelle Shirbon and Tim Hepher; Editing by Jon Boyle) Keywords: AIRBUS/ (estelle.shirbon@reuters.com, +33 1 4949 5342, Reuters Messaging: estelle.shirbon.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Les Echos said the state would inject the money into banks with a record of lending to the aeronautical industry. The newspaper named Calyon, Societe Generale and BNP Paribas.
'The aim is to prevent airlines from cancelling orders citing difficulties in raising money,' said the newspaper, which did not give its sources.
The report was on the front page of the newspaper's Monday edition, which was sent to media in advance on Sunday.
A French industry source said the plan, which appeared to have originated from the prime minister's office, would provide help on a broad basis to the banking industry and aerospace was one of several industries expected to benefit directly or indirectly.
Airbus could not be reached for comment.
(Reporting by Estelle Shirbon and Tim Hepher; Editing by Jon Boyle) Keywords: AIRBUS/ (estelle.shirbon@reuters.com, +33 1 4949 5342, Reuters Messaging: estelle.shirbon.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.