Air France-KLM today announced the repayment of €300 million of the outstanding €600 million perpetual hybrid bonds held by the French State, reaching the 75% threshold of Covid-19 recapitalization State aid redemption.
Paris, 17 March 2023
Air France-KLM today announced the repayment of €300 million of the outstanding €600 million perpetual hybrid bonds held by the French State, reaching the
- Air France KLM has repaid
€300 million of outstanding French State perpetual bonds, exceeding the75% Covid-19 recapitalization aid redemption threshold - The Group will refinance
€320 million through a new issuance of perpetual hybrid bonds with the French State, without any “bans” attached.
In April 2021, Air France-KLM and the French State agreed to convert the direct French State loan of
In 2022 the Group repaid
Following the European Commission’s approval on February 16th, 2023, of a French State compensation aid granted to Air France without any bans attached, the Group today takes the first step of repaying and exiting the Covid-19 recapitalization State aid. This step enables the Group to exceed the
Additionally, the Group will refinance
Investor Relations
Michiel Klinkers Marouane Mami
michiel.klinkers@airfranceklm.com mamami@airfranceklm.com
Website: www.airfranceklm.com
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