Air France-KLM Steps Up Restructuring

Credit: Keith Gaskell
There is little doubt that the Air France-KLM Group is in bad shape; its shares are trading at a fifth of their value in the company's glory days in 2007. Of all the elements contributing to Air France-KLM's debt (close to €6 billion, or $8 billion) and losses (a €530 million operating loss for the...

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