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The State owns 28.6% of Air France-KLM

2021-04-20T01:37:25.385Z


Following the capital increase completed on Monday, the French State and China Eastern, which have subscribed for new shares, have strengthened themselves within the airline.


Successful operation.

Air France-KLM on Monday completed its capital increase close to one billion euros, announced a fortnight ago to reduce its debt.

The air carrier's round table is therefore modified.

The French State and China Eastern, which have subscribed for new shares, have reinforced the group's capital.

France now holds 28.6% against 14.3% previously.

For its part, the Chinese company becomes the second shareholder, with 9.6% against 8.8% so far.

The Dutch state and Delta Airlines, which did not participate in the operation, are diluted.

The Netherlands have only 9.3% of the group against 14% before.

And Delta Airlines only 5.8%, against 8.8% previously.

Read also:

The State's new plan to save Air France

This balance could change in the coming months.

Indeed,


Air France-KLM plans to carry out another capital increase this year.

We have a heavy debt that weighs on our balance sheet;

so maybe that should be revisited later this year,

”Group CEO Ben Smith told the World Aviation Festival.

The situation is not improving for European airlines, penalized by a very slow vaccination campaign on the Old Continent.

At the last score, in February, the group had a seat capacity reduced to 29% of what it offered two years ago at this time.

Read also:

Behind the scenes of Air France, a company affected by the Covid-19

Air France-KLM is betting on a gradual restart of activity this summer. "

We expect 50%

" of seat kilometers offered (one of the key indicators of the sector, editor's note) compared to the capacities of the company before the crisis, declared Ben Smith. But nothing is less certain. The group's relaunch will depend on the pace of the reopening of borders, the establishment of health passports and the ebb of the pandemic. "

Visibility is limited,

" admitted Ben Smith, who does not refrain from deploying more capabilities at the last moment if the situation turns out to be brighter than expected. “

If we expect the link to be profitable, we will operate it,

” says Ben Smith.

Source: lefigaro

All business articles on 2021-04-20

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