Air France-KLM Launches 2,3 Billion Euro Rights Issue
KONTAN.CO.ID - PARIS. Air France-KLM on Tuesday unveiled a 2,256 billion euro (US$ 2,41 billion) rights issue to existing shareholders to strengthen its balance sheet and further repay French state aid as the airline industry clambers out of a two-year Covid crisis.
The second capital hike in as many years brings Europe's second largest airline by revenue closer to repaying government pandemic support and meeting European Union conditions for participating in any future airline sector consolidation.
