The Limited Times

Now you can see non-English news...

The diplomatic and financial stake of the recapitalization of Air France-KLM

2020-12-04T18:47:41.473Z


DECRYPTION - The participation of France and the Netherlands in the recapitalization of the airline once again raises the question of the distribution of the two public powers in the group's capital.


Recapitalize, yes.

But when and how?

In recent months, Air France-KLM executives have all admitted that the group, which is very heavily indebted due to the crisis which is depriving it of revenue but not of costs, should restore its level of equity.

Air France-KLM's net debt is expected to reach 13 billion euros at the end of December.

The group must improve its debt ratio and reduce the interest rates on its loans.

Frédéric Gagey, Air France-KLM's chief financial officer, confirmed in September that the group was still aiming to raise new capital to strengthen its deteriorated balance sheet.

The creditor banks had demanded it during the rescue plan.

"

We are working on it intensively,

" he said.

A few days ago, during the Paris Air Forum, Jean-Baptiste Djebarri, the Minister of Transport, went further.

He declared that

"the State is ready to go up to rise in the capital in proportions

", but that the most important subject is to know "

whether one is

This article is for subscribers only.

You have 75% left to discover.

Subscribe: 1 € the first month

Can be canceled at any time

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All news articles on 2020-12-04

You may like

Trends 24h

News/Politics 2024-03-28T06:04:53.137Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.