"Le Monde"
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Air France-KLM in talks on $7 billion cash raise

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Air France und KLM, © KLM

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

This would happen 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.
© Reuters, aero.uk | Image: Air France-KLM | 23/11/2020 11:04

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