Paris considers loan to keep Air France-KLM flying
The French govt is preparing to come to the aid of Air-France KLM, which has been hit hard by the coronavirus and Donald Trump’s travel ban. France is studying how best to support the carrier, which is 14.3% state-owned, with senior finance ministry officials saying they were considering loans rather than increasing their shareholding. The govt has already said it would stand behind the airline. After Air France-KLM CE Ben Smith and the French finance minister spoke Friday, rumours swirled in the French press that the state was considering a capital injection. And while those rumours were swiftly denied by the finance ministry Saturday, officials said such an injection remained an option if the situation deteriorated further. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-03-16/sky/paris-considers-loan-to-keep-air-france-klm-flying
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Paris considers loan to keep Air France-KLM flying
The French govt is preparing to come to the aid of Air-France KLM, which has been hit hard by the coronavirus and Donald Trump’s travel ban. France is studying how best to support the carrier, which is 14.3% state-owned, with senior finance ministry officials saying they were considering loans rather than increasing their shareholding. The govt has already said it would stand behind the airline. After Air France-KLM CE Ben Smith and the French finance minister spoke Friday, rumours swirled in the French press that the state was considering a capital injection. And while those rumours were swiftly denied by the finance ministry Saturday, officials said such an injection remained an option if the situation deteriorated further. <br/>