Fewer flights, lower prices and balance sheets big enough to land a jumbo jet on. A €2.3bn rights issue from Air France-KLM demonstrates that legacy national flag carriers remain as underpowered today...
Tag: FranceKLM
Air France-KLM to Sell $2.4 Billion New Shares to Cut Debt
(Bloomberg) — Air France-KLM plans to sell about 2.26 billion euros ($2.4 billion) of new shares to shore up its balance sheet and repay a chunk of the state aid that helped the carrier survive ...