March 13, 2020 / 6:49 AM / 15 days ago

Air France KLM draws down on 1.1 billion euros of revolving credit facility

FILE PHOTO: Logo of Air France KLM Group is pictured on the first Air France airliner's Airbus A350 during a ceremony at the aircraft builder's headquarters of Airbus in Colomiers near Toulouse, France, September 27, 2019. REUTERS/Regis Duvignau

PARIS (Reuters) - Air France KLM (AIRF.PA), one of many airlines around the world that has been hit by the coronavirus crisis, said on Friday that it had drawn down on 1.1 billion euros worth of its revolving credit facility to help its financial position.

“The Air France-KLM Group therefore now has more than 5.5 billion euros of total liquidity immediately available to meet possible changes in the environment,” the airline added in a statement.

Reporting by Sudip Kar-Gupta; Editing by Shri Navaratnam

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