Air France-KLM in talks on a fundraising of 7 billion dollars: Le Monde

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FILE PHOTO: Air France Flight AF 1235 to Paris-Charles de Gaulle takes off as the last flight from Berlin Tegel Airport, which is closing permanently following the recent opening of the new Berlin-Brandenburg Airport (BER ) in Berlin, Germany, November 8, 2020. REUTERS / Annegret Hilse

PARIS (Reuters) – Air France-KLM is discussing plans to raise an additional 6 billion euros ($ 7.1 billion) from its two government shareholders and other investors, French newspaper Le Monde reported on Tuesday.

The airline group, which received € 10.4 billion in state-backed bailouts earlier this year, may soon receive an additional € 4 billion from governments, combining a capital injection and hybrid debt, reported the newspaper.

It would then aim to raise an additional 2 billion euros from investors later in the first quarter of 2021, according to the report, which cites anonymous sources.

Air France-KLM made no comment, a spokesperson said.

During the unveiling of its first French loan package of 7 billion euros in April, Air France-KLM presented capital increase plans before its general meeting in 2021. The French and Dutch states each own around 14% of the capital. group.

French Finance Minister Bruno Le Maire has also reaffirmed in recent days that the government is ready to offer more aid to the airline. A ministry spokesperson declined further comments.

Reporting by Laurence Frost; additional reporting by Gwenaelle Barzic; edited by Susan Fenton

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