Air France-KLM : Sufficient liquidity facilitates focus on restructuring
>Enough liquidity to weather the crisis and restructure… - The gross cash position of € 6.4bn at the end of March, combined with the € 7bn in financing provided by the French government (and the Dutch government's financing of between € 2bn and € 4bn), in our opinion, now allows the group to weather the crisis without any problems assuming a deteriorated scenario of slow recovery and repayment of tickets issued but not used (the EC should take an official position on ...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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