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)












©2023 Thomson Reuters, all rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. “Reuters” and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.



Source link -87