French plans for airport sale to China spark unease

The planned sale of a 49.99% government stake in the firm that manages Toulouse airport, where Airbus tests and assembles its planes, to a Chinese consortium has sparked concerns across France’s political spectrum.

Paris announced on Thursday that it had decided to sell a €308 million ($381 million) stake in the firm that manages Toulouse airport to the Symbiose consortium that includes Chinese state-owned group Shandong Hi-Speed Group and Hong Kong-based investment company Friedmann Pacific Asset Management. Continue reading