Air France-KLM Reportedly Wants €10B In State-Backed Loans

April 14, 2020
Air France
France’s flag carrier accelerated plans to retire its fleet of nine A380 aircraft with immediate effect. The aircraft had been grounded since March 16. Previously, the airline had intended to phase out the aircraft by 2022.
PARIS—Air France-KLM is reportedly hoping to negotiate state-backed loans worth €10 billion ($11 billion) to help it survive the COVID-19 crisis that has cut its activity by around 90%. Air France-KLM would split the proceeds from the loan between the two main group airlines with around €8 billion...

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