Air France-KLM Group Generates €2.25bn

DALLAS – The Air France-KLM Group today reported that it has generated €2.256bn (US$2.35bn) in final gross proceeds. This follows a 16% oversubscription to its right issue announced on May 24, 2022.

The Group said it would allocate around €1.7bn to pay back state aid it received during the pandemic crisis. This, management says, will allow the company to “free itself” from the conditions set by the European Commission. Bosses will use the rest of the money to reduce their net debt.

The Group said the rights issue generated “strong demand” from both current and new investors. Photo: Air read more ⇒

Source:: “Airways Magazine”

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