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Discusses France's privatization of Air France, Aerospatiale and Snecma. Question of foreign participation; Limitations for non-European Community investments; Austerity plan at Air France; Financial difficulties faced by the three airlines; Separation of the civilian and military units of Aerospatiale as a solution; Partial unemployment status of staff at Snecma.

Focuses on the impact of the European Union's introduction of its Third Package of liberalization measures on the airline industry. Fare pricing; Capacity restraints; Limited cabotage rights; Speed and effects of deregulation; Market access; Conditions under which state aid would be acceptable; Feedback from industry executives.

Discusses the accomplishments of French domestic carrier Air Inter. Expansion plans; Financial performance in 1992 and 1993; Plans airline plans to implement to lead to financial recovery; Challenges faced by the airline; Range of programs offered to lure customers.

Reports on the privatization of 21 state companies by the government of France. Financial status of nationalized entities; Attraction of private investors; Prospects for growth of newly-privatized companies; Comments from Aerospatiale Co. head Louis Gallois and Air France president Bernard Attali; Air France management measures in preparation for privatization.

Presents information on uncertainty surrounding a restructure of Airbus Industries, after socialists in France abandoned privatization plans. Approval made by the European Union (EU); Information on the purchase of McDonnell Douglas by Boeing (company).