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The aerospace support fund was launched last month by French Finance Minister Bruno Le Maire. Aerospace companies Airbus (PA:AIR), Safran (PA:SAF), Thales (PA:TCFP) and Dassault Aviation launched a call for tenders and selected the Tikehau (PA:TKOO) fund and its subsidiary ACE.
Dassault Aviation said it was contributing 13 million euros to the ACE Aéro Partenaires fund, whose target remains a total fund raising of 1 billion euros.
