FILE PHOTO: Air France planes seen on the tarmac at Paris Charles de Gaulle airport, March 24, 2020. REUTERS/Charles Platiau/File Photo
The airline has asked for an immediate state cash injection to meet its needs for the next four to five months, the paper said, with air travel paralysed by the coronavirus shutdown.Negotiations with the banks over loans to tide it over for the next 12 to 18 months are taking longer than expected, Les Echos reported, adding that neither Air France KLM, nor the banks, were satisfied with the level of guarantee that France provides of 75%, which compares to a 90% backup by the Netherlands.
The airline had said on Thursday that despite cost-cutting measures to stave off the impact of the coronavirus crisis, it expects it will be short of cash in the third quarter, but said it was confident of French and Dutch government support.
Broke ass French people. We DO NOT WANT TO SEE YOU IN AFRICA EVER AGAIN.
If they are broke its over for the shareholders, then they should be nationalized , then recapitalized. Ownership should change if broke, or the shareholders should chip in.
. Congratulate France. Bravo! Very, very good! Macron 'genius' !!!
They just want free French public funds,disgusting!.
What will their KLM partners say? Just for one friend.
when things get ugly, Papa State will always be there for the bosses.
First they have to drain the Dutch KLM
DONT EVER FLY AirFranceKLM I am curious why a global airline (KLM part of Air France) would tweet something which breaks EU Law, which requires an airline to fully refund flight cancelled by the airline. vonderleyen EmmanuelMacron patel4witham Number10press KLM_US
Is France aloud to bail its airlines out? What are the EU rules on it? Or are France and Germany aloud to do whatever they want within the EU dictatorship.
I do not understand how such a large company with millionaire profits every year puts itself in that position, they take advantage of the situation is incredible