Air France-KLM waiting for new bailout on liquidity issues
The airline’s cash outflow jumped from €1.2bn in the three months to end-September after new coronavirus lockdowns
18 February 2021 - 11:38
Paris — Air France-KLM is poised to get a fresh government bailout after burning through €2.1bn in the final quarter of 2020 as a resurgent Covid-19 pandemic delayed any recovery in air travel.
Talks are ongoing between the carrier’s biggest shareholders, the French and Dutch governments, and the European Commission about a rescue package, according to CFO Frédéric Gagey. Air France-KLM reported on Thursday it had €9.8bn of liquidity and credit lines at its disposal at the end of 2020 compared with €12.4bn three months earlier...
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