PARIS, FRANCE: Air France-KLM, the Franco-Dutch airline group, has announced that it has signed a definitive agreement with Apollo Global Management, a US private equity firm, to raise €500m in quasi-equity financing for its maintenance activity. The financing will be provided by Apollo-managed funds and entities, which will subscribe to perpetual bonds issued by a…
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Air France-KLM announces a plan of capital-strengthening measures
PARIS: Air France-KLM has announced a plan of capital-strengthening measures with the objective of strengthening its balance sheet, preparing the recovery and repositioning the Group on a sustainable financial trajectory. Air France-KLM (“the Group”) announces the following measures in relation to Air France, which have been approved by the European Commission in its decision to…