Air France-KLM in talks on 6 bln euro cash raise

Air France-KLM in talks on 6 bln euro cash raise

PARIS--Air France-KLM is discussing plans to raise another 6 billion euros ($7.1 billion) from its two government shareholders and other investors, French newspaper Le Monde reported on Tuesday.


The airline group, which received 10.4 billion euros in state-backed bailouts earlier this year, may soon receive another 4 billion from the governments, combining a capital injection and hybrid debt, the paper reported. It would then aim to raise a further 2 billion euros from investors later in the first quarter of 2021, according to the report, which cited anonymous sources.
Air France-KLM had no comment, a spokesman said.
When unveiling its first 7 billion-euro French loan package in April, Air France-KLM outlined plans for a capital increase before its 2021 shareholder meeting. The French and Dutch states each own about 14% of the group.
French Finance Minister Bruno Le Maire has also reiterated in recent days that the government stands ready to offer the airline more aid. A ministry spokesman declined further comment.

 

The Daily Herald

Copyright © 2020 All copyrights on articles and/or content of The Caribbean Herald N.V. dba The Daily Herald are reserved.


Without permission of The Daily Herald no copyrighted content may be used by anyone.

Comodo SSL
mastercard.png
visa.png

Hosted by

SiteGround
© 2024 The Daily Herald. All Rights Reserved.