Air France-KLM has 6 bln euros in cash, will need state support soon -newspaper [Reuters]
AIR FRANCE-KLM ADS (AFLYY)
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Source: Reuters
Air France-KLM has 6 bln euros in cash, will need state support soon -newspaper PARIS, April 6 (Reuters) - Air France-KLM SA has 6 billion euros in cash at hand, Anne Rigail, chief executive of Air France told French newspaper Le Figaro, adding that state support from the French and Dutch governments would be needed soon in order to keep the airline afloat. Air France-KLM executives have been in talks with the two states, each owns 14% of Air France-KLM, to discuss what form this state support could take, Rigail said. “The discussions are ongoing...The group has some 6 billion euros of cash, but we will need financial support soon,” she added in an interview published on Monday, declining to comment further to the newspaper. Air France-KLM was not immediately available for comment outside normal business hours. Air France-KLM is in talks with banks to receive up to 6 billion euros ($6.5 billion) in loans guaranteed by the French and Dutch governments, as the airline group braces for a
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