Air France-KLM in talks on 6 billion euro cash raise - Le Monde
Reuters
Published Nov 17, 2020 17:03
PARIS (Reuters) - Air France-KLM (PA:AIRF) is discussing plans to raise another 6 billion euros (5.38 billion pounds) 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.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.