in

Air France-KLM will need to raise 1 billion – 2 billion euros in 2022 -Les Echos

The paper reported that this would likely not be the last capital issue as the airline would need another 4 billion to 6 billion euros to remain a top industry player.

The airline has already received more than 14 billion euros ($15.81 billion) in support from the French and Dutch governments since the start of the COVID crisis.

A spokesman for the group could not immediately be reached.

In December, Air France-KLM redeemed 500 million euros ($565 million) from an earlier French state loan issued to help the airline cope with the fallout from the pandemic, and said it could also raise new equity.

($1 = 0.8856 euros)


Source: Economy - investing.com

WHO says vaccine inequity undermines economic recovery: It's 'a killer of people and jobs'

From Silverado EV to electric boats: What investors should know about GM's CES announcements