4/12, 8:45 PM (Source: TeleTrader)
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Air France launches €1B public offering

Air France–KLM Group announced on Monday it is launching a public offering with the aim of raising approximately €988 million.

The airline stated it will issue 186 million new shares at a price between €4.84 and €5.31 per share.

"The net proceeds of the Capital Increase will be allocated to strengthen the equity of Air France. Air France will use the allocated amount to consolidate its liquidity and finance general corporate purposes in the context of the Covid-19 crisis," the company said in the press release.

Breaking the News / MD