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Air France KLM

Air France cancels flights as Russia withholds clearance

Air France cancels flights as Russia withholds clearance

Published 31 May, 2021 07:21pm
  • "Air France confirms the cancellation of flights AF1154 and AF1654 from Paris-Charles de Gaulle to Moscow on 31 May 2021 as the authorisations from Russian authorities to enter their territory have not been granted," the airline said.
Russia approves new route for Air France flights to Moscow

Russia approves new route for Air France flights to Moscow

Published 29 May, 2021 06:00pm
  • "This new flight path enters into application today. We have authorizations for this weekend and are awaiting a green light from Russian authorities for our flights after this weekend," the Air France spokesman said.
EU air traffic agency eyes Baltic routes for flights shunning Belarus

EU air traffic agency eyes Baltic routes for flights shunning Belarus

Published 25 May, 2021 07:35pm
  • The EU will also shut out the Belarusian carrier Belavia from its skies and airports. Lufthansa, KLM, SAS, Air France, LOT and Singapore Airlines were among carriers that announced they would stop flying over Belarus.
  • "Airlines avoiding the airspace of Belarus may well have an additional time and fuel cost, depending on the route. Longer haul routes will generally be relatively less affected."
Ryanair gets rare wins in EU court over state aid for KLM, TAP

Ryanair gets rare wins in EU court over state aid for KLM, TAP

Published 19 May, 2021 06:08pm
  • The Luxembourg-based General Court, however, said the annulments - and the recovery of the money - would be suspended pending new decisions by the Commission.
  • Ryanair can challenge those new decisions at the same court if it is not satisfied with them.
Air France-KLM eyes further recapitalisation in 2021

Air France-KLM eyes further recapitalisation in 2021

Published 19 Apr, 2021 04:46pm
  • We do have heavy debt that is holding back our balance sheet, so this may have to get looked at again later in the year.
  • The capital hike sees the French government more than double its stake in the airline group to almost 30% as part of a total recapitalisation package worth about 4 billion euros announced earlier this month.
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".
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