Air France-KLM will need to raise E1b-2b in 2022 - Les Echos
Franco-Dutch airline group Air France-KLM will need to raise additional capital of between E1b and E2b in 2022 to weather the downturn in air travel caused by the COVID-19 pandemic, Les Echos reported on Thursday. The paper reported that this would likely not be the last capital issue as the airline would need another E4b to 6b to remain a top industry player. The airline has already received more than E14b ($15.81b) in support from the French and Dutch governments since the start of the COVID crisis. A spokesman for the group could not immediately be reached. In December, Air France-KLM redeemed E500m from an earlier French state loan issued to help the airline cope with the fallout from the pandemic, and said it could also raise new equity.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2022-01-07/sky/air-france-klm-will-need-to-raise-e1b-2b-in-2022-les-echos
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Air France-KLM will need to raise E1b-2b in 2022 - Les Echos
Franco-Dutch airline group Air France-KLM will need to raise additional capital of between E1b and E2b in 2022 to weather the downturn in air travel caused by the COVID-19 pandemic, Les Echos reported on Thursday. The paper reported that this would likely not be the last capital issue as the airline would need another E4b to 6b to remain a top industry player. The airline has already received more than E14b ($15.81b) in support from the French and Dutch governments since the start of the COVID crisis. A spokesman for the group could not immediately be reached. In December, Air France-KLM redeemed E500m from an earlier French state loan issued to help the airline cope with the fallout from the pandemic, and said it could also raise new equity.<br/>
