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Topic

Air France

ME again on the edge

ME again on the edge

Published 25 Jan, 2026 06:01am
The question whether an American attack on Iran is imminent is still valid because of a variety of reasons. First...

A tale of two airlines

Published 28 Feb, 2022 06:44am
This is apropos a Business Recorder’s editorial on Pakistan International Airlines’ woes carried by the ...
France to become biggest Air France shareholder with capital hike

France to become biggest Air France shareholder with capital hike

Published 06 Apr, 2021 12:14pm
  • The French government will convert a 3 billion euro loan extended to the group last year into a hybrid instrument and commit up to an additional 1 billion euros to a planned share issue, raising its stake in Air France-KLM to almost 30%.
  • "This will make the state Air France's biggest shareholder," French Finance Minister Bruno Le Maire said on France Inter radio, calling the move a "sign of commitment" to the airline and its French jobs.
Air France-KLM poised to announce refinancing steps

Air France-KLM poised to announce refinancing steps

Published 05 Apr, 2021 09:16pm
  • Air France-KLM is expected to convert part of its 4 billion euros ($4.7 billion) in direct government loans into hybrid instruments and raise new equity capital under the plans to be announced by Tuesday morning, the sources told Reuters.
  • After drawn-out talks with Brussels over the number of take-off and landing slots at Paris-Orly airport to be given up by Air France in return for renewed aid, France's finance minister said on Sunday a compromise agreement had been reached.
Air France refinancing step expected in days, minister says

Air France refinancing step expected in days, minister says

Published 29 Mar, 2021 08:24pm
  • The airline group, which received a 10.4 billion-euro ($12.3 billion) bailout to weather the coronavirus crisis last year, plans to convert 4 billion euros in French and Dutch government loans into hybrid "quasi-equity".
  • "We are nearing a deal," Finance Minister Bruno Le Maire said on France Info radio, predicting a final agreement within "a matter of days".
Paris, EU near deal on Air France bailout conditions: report

Paris, EU near deal on Air France bailout conditions: report

Published 27 Mar, 2021 05:47pm
  • The expected deal would see Air France give up fewer airport flight slots at its Paris base than initially sought by the European Commission, notably at Orly airport, the newspaper said in a report published late on Friday.
  • The Air France-KLM group recorded a 7.1 billion euro ($8.38 billion) net loss for last year.
French Finance Minister: talks ongoing with EU over possible further aid for Air France

French Finance Minister: talks ongoing with EU over possible further aid for Air France

Published 15 Feb, 2021 06:37pm
  • Le Maire also told reporters at a briefing that he wanted any future remedies for Air France to be of a sustainable nature for the airline.
  • Earlier this month, Air France and its pilot unions had protested against EU demands that the airline give up takeoff and landing slots at its Paris base in return for government aid.
Paris prosecutor seeks Air France, Airbus trial over deadly 2009 crash

Paris prosecutor seeks Air France, Airbus trial over deadly 2009 crash

Updated 27 Jan, 2021 11:31pm
  • In 2019, French judges dropped charges against the airline and plane manufacturer over the crash, blaming the pilots for losing control of the plane.
  • French investigators found the crew of AF447 mishandled the loss of speed readings from sensors blocked with ice from a storm.
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