Air France-KLM receives $4.7bn in state aid to survive pandemic
Rescue funding to strengthen airline's balance sheet may not be enough to save the embattled carrier
06 April 2021 - 17:00
Paris — Air France-KLM will receive as much as €4bn in a French rescue plan that may not be enough to see the embattled carrier through the ongoing Covid-19 pandemic.
The package will see the French government re-emerge as the biggest investor with a stake that could be just shy of 30%. It comes after months of tough negotiations between shareholders France and the Netherlands, and the European Commission, which has given its blessing. The plan is aimed at giving the carrier some breathing room as it confronts one of the worst crises to hit the airline industry...
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