Air France-KLM has exceeded the 75% threshold for reimbursement of the aid paid by the French State

PARIS, March 17 (Reuters) – Air France-KLM announced on Friday that it had exceeded the 75% threshold for recapitalization aid paid by the French state during the COVID-19 crisis.

The Franco-Dutch group of airlines has repaid 300 million euros of the outstanding 600 million euros of perpetual hybrid bonds held by the French state, it said in a press release.

The group also recalled that it intended to fully exit the recapitalization aid and associated constraints as of April 19. (Written by Camille Raynaud, edited by Jean-Stéphane Brosse)

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