Air France to use short-time working to overcome the crisis

What if the State, which owns 14.4% of Air France KLM, rose to the capital of the group to help it pass the enormous air gap generated by the coronavirus? The government does not say no: " The rise in capital is part of the palette to help companies in which the State already has a stake , we recognize the Ministry of Economy. But it is not topical. ”Still, Bercy asked the APE (State Investment Agencies) to look at these possibilities very closely.

Read also: Air France calls on the shareholder State for help and reduces the airfoil

The scenario of a capital increase would present for the authorities the advantage of bringing fresh money to the group which needs it without being able to be accused of providing illicit aid. Other arguments are circulating: for example, preventing a predator from taking advantage of the collapse of Air France-KLM on the stock market (- 50% in one month) to launch a hostile takeover bid. But the threat is more virtual: the group being listed, a possible buyer should be revealed as soon as he crosses the threshold of 5% of the capital and especially

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