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Air France-KLM is considering a recapitalization

2020-09-21T17:34:53.778Z


The group's general manager, Ben Smith, notes that the traffic is picking up more slowly than expected.A start of recovery this summer. Then the cold shower since mid-August with the restart of the epidemic. Like all air carriers, Air France-KLM is disappointed in this extremely gloomy return to school. " The traffic fell at the end of the holidays ", explains in L'Opinion its managing director, Ben Smith, who adds a few lines later concerning Air France: " Our activity today is 40% of that known l


A start of recovery this summer.

Then the cold shower since mid-August with the restart of the epidemic.

Like all air carriers, Air France-KLM is disappointed in this extremely gloomy return to school.

"

The traffic fell at the end of the holidays

", explains in

L'Opinion

its managing director, Ben Smith, who adds a few lines later concerning Air France: "

Our activity today is 40% of that known last year "

.

Read also:

Air France activates its job elimination plan

And the prospect of a short-term relaunch for airlines is receding.

Consequently, the 10.4 billion euros of aid obtained at the end of April thanks to the French and Dutch States may not be enough to pass this long air gap.

"

These supports allow us to last less than twelve months"

, underlines Ben Smith, who evokes a possible recapitalization of a few billion, the amount of which is not fixed.

It would take place before the group's general meeting which should be held in the second quarter of 2021.

On paper,

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Source: lefigaro

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