Air France-KLM plans board meeting on refinancing, sources say

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The board of Air France-KLM is expected to meet on Monday to discuss a state-backed refinancing plan designed to strengthen its balance sheet after a year of coronavirus shutdowns, two sources familiar with the matter said on Friday.

An Air France Airbus A350 airplane lands at the Charles-de-Gaulle airport in Roissy, near Paris, France April 2, 2021. REUTERS/Christian Hartmann

But the plan, likely to include conversion of a 3 billion-euro French government loan into hybrid instruments, has been held up by wrangling over European Union demands that Air France give up Paris-Orly take-off and landing slots as a condition. Air France-KLM declined to comment on the airline group’s planned board meeting, first reported by Bloomberg.

Converting the government debt will not be enough to right Air France-KLM’s balance sheet, say analysts, who predict a further dilutive capital increase will follow.

 

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Caeli Europa. Because of covid and the ongoing financial responsibilities E.U. nations have of having their own national carrier inside the European Union it might be an idea to look at the idea of having a 21st century Euro made airline for the E.U.

곤고한 자들이 이를 듣고 기뻐하리로다HolyFridayVigil 2021.04.03

HolyFridayVigil 천국이 가깝습니다. 우리는 거룩과 의를 통해 천국을 준비해야 합니다.

Do you think this is what people really need right now?

KLM & AirFranceKLM gave me a full voucher refund for my return ticket, hopefully they recover soon 🙏🏾

Bonjour mes amis 💫💫💫💫✨🌻🌻🌻🌞🌚🔥🪐

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