It does not receive public funding
Editor in chief:

Facebook Twitter Youtube Instagram LinkedIn

Air France-Klm redeems 500 million euros of debt

Now the group aims at raise new capital

The Franco-Dutch group Air France-Klm redeemed 500 million Euros that were part of a previous State bank loan worth 4 billion Euros guaranteed by the Paris government to help the airline deal with the economic fallout from the pandemic. The airline has recently announced that it has negotiated a two-year extension of the loan maturity date until May 6th 2025.

Now the company is preparing to raise new liquidity. The companion made known that "the discussions are underway on further capital strengthening measures at the level of the Air France-Klm group. These actions could include instruments such as the issuance of equity or quasi-equity securities, depending on market conditions".

The decision, which comes at a time when the "first signs of recovery in global air traffic, coupled with improved access to capital markets" are arriving. This partial redemption "represents a new milestone in the process of restructuring the debt and balance sheet profile". In recent months the company had decided on a 1 billion Euros capital increase and the conversion of the 3 billion Euros French government loan into three perpetual bonds, as well as the issue of senior bonds in two 800 million Euros tranches 

Gic - 1240970

AVIONEWS - World Aeronautical Press Agency