 Air France, the French flag carrier and a subsidiary of the Air France-KLM Sponsored ADR OTC: AFLYY, is receiving a 4.7 billion injection from the French government to repair the carriers financial health, which has been severely dented during the COVID-19 pandemic. What Happened: The European Union signed off on the agreement with several significant strings attached: Air France must relinquish 18 slots per day at Orly, Paris second largest airport; a ban on dividends, share buybacks and executive bonuses; and a commitment of transparency showing how the funds are being used, including how it supports obligations linked to the EUs green and digital transformation. 