Monday, May 29, 2023
name of Prensa Latina
Bandera inglesa
English Edition
name of Prensa Latina



French state doubles stake in Air France-KLM in rights issue

French state doubles stake in Air France-KLM in rights issue

Paris, Apr 20 (Prensa Latina) Loss-making Air France-KLM said Monday it had raised just over a billion euros (US.25 billion) in a share issue that saw the French state double its stake in the company to 28.6%.

According to Air France-KLM, this is a stage of rescue plan reported on April 6, in which Paris plans to convert three billion euros of direct loans into quasi-equity, in order to help the company to recover from the coronavirus-caused crisis.

‘The success of our capital increase and the renewed support of our main shareholders testify to the confidence of investors in the prospects of the group,’ Air France-KLM CEO Benjamin Smith said in a statement.

The group lost 7.1 billion euros in 2020 due to the effects of the coronavirus pandemic which has resulted in the collapse of the global travel industry.

In this scenario, in addition to the French State, the China Eastern Airline increased its stake to 9.6%, while the Dutch state declined to invest further, so its stake decreased to 9.3%.


name of Prensa Latina

| Text SMS to 8100 with content PL
Receive 4 mesages x 25 cup

© 2016-2021 Prensa Latina
Latin American News Agency

Radio – Publications  – Videos – News by the minute.
All Rigts Reserved.

St. E No 454 , Vedado,  Habana, Cuba.
Phones: (+53) 7 838 3496, (+53) 7 838 3497, (+53) 7 838 3498, (+53) 7 838 3499
Prensa Latina © 2021 .

Web Site developed by IT Division  Prensa Latina.