Air France-KLM : Enough liquidity for 17 months and capital increase postponed
>Contribution of €  7bn in liquidity by the French government and probably an additional € 3bn by the Netherlands - On Friday evening, Air France-KLM and the French government detailed a principle agreement currently being finalised to protect the airline’s solvency. This agreement involves: i/ a € 4bn loan granted by a syndicate of 6 banks that is 90% guaranteed by the French government; it matures in 12 months and Air France-KLM has the option of extending it for tw...Air France-KLM is a holding company. Through its subsidiaries, Co. is engaged in transporting passengers and cargo, aeronautics maintenance and other air-transport related activities, including catering and charter services. Co. operates in six geographical regions: Metropolitan France; Europe (except France) and North Africa; Caribbean, French Guiana and Indian Ocean; Africa, Middle East; Americas, Polynesia; and Asia and New Caledonia. Co. organizes its business around the following four segments: Passenger, providing passenger transportation services on scheduled flights; Cargo, transporting freight on flights and selling cargo capacity to third parties; Maintenance, and Other activities.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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