by Amruth Sundarkumar | Jun 24, 2022 | Corporates, High Yield Bonds
Air France-KLM has announced its plans to repay the rest of the cash owed to Netherlands and 75% of French aid that they received from the European Union (EU) bailouts during the pandemic, by the end of 2022. Such a move unshackles them from restrictions placed on...
by Amruth Sundarkumar | May 26, 2022 | High Yield Bonds
Air France-KLM plans to raise €2.26 ($2.4bn) via a sale of new shares to build up its balance sheet and pay off Covid19 related state-aid debt. The share sale is expected to be a rights issue with proceeds being used to reimburse about €1.7bn ($1.8bn) of subordinate...
by bondevalue | Apr 7, 2021 | Investment Grade Bonds
The troubled Air France-KLM (AFKLM) group announced a recapitalization plan on April 6. To help the airline group recover, the French government will pump €4bn into the airline as revealed in a joint statement by the French Minister of Economy and Finance and...
