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Company News

France to keep supporting Air France-KLM if needed: government

The Air France flight AF 1235 destined for Paris-Charles de Gaulle is seen before taking off as the last flight from Berlin's Tegel airport, which closes permanently following the recent opening of the new Berlin-Brandenburg (BER) airport in Berlin, Germany, November 8, 2020. REUTERS/Michele Tantussi

PARIS (Reuters) - The French government will continue to support airline company Air France-KLM if necessary, government spokesman Gabriel Attal said on Wednesday.

Attal, holding a news conference after a cabinet meeting, was asked about a report that Air France-KLM was discussing plans to raise another 6 billion euros ($7.1 billion) from its two government shareholders and other investors.

The company received 10.4 billion euros in state-backed bailouts from France and the Netherlands earlier this year to help it cope with the impact of the coronavirus pandemic.

“The state has always strongly supported Air France since the beginning of the crisis”, Attal said, adding the company had ongoing talks with France’s finance ministry.

Reporting by Dominique Vidalon and Matthieu Protard, editing by Louise Heavens and Mark Potter

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