Air France-KLM

Air France-KLM cargo

Air France-KLM and CMA CGM terminate cargo cooperation

Air France-KLM and CMA CGM had initially announced their intent to establish a cargo commercial cooperation, which came into effect in April 2023. However, due to stringent regulatory constraints in specific key markets, the collaboration has faced challenges in achieving optimal functionality. Consequently, Air France-KLM and CMA CGM have jointly declared their decision to terminate […]

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Air France-KLM and Apollo sign €1.3 billion financing agreement

Air France-KLM and Apollo Global Management have signed a definitive agreement between Apollo-managed funds and entities and a dedicated operating affiliate of Air France-KLM regarding a €1.3 billion financing, accounted as quasi-equity under IFRS, with the option for Apollo to increase the nominal amount up to €1.5 billion in total, prior to closing. This dedicated

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Air France-KLM and Etihad Airways expand partnership

Air France-KLM and Etihad Airways expand partnership

Air France-KLM Group and Etihad Airways, the national airline of the United Arab Emirates have signed a Memorandum of Understanding (MoU) aiming at enhancing their collaboration across passenger operations, loyalty programmes, talent development, and maintenance. The signing ceremony took place at the Air France-KLM Group’s headquarters in Paris, France in the presence of Angus Clarke,

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Airbus and Air France to create JV for worldwide A350 component maintenance services

Airbus and Air France to create JV for worldwide A350 component maintenance services

It has been announced that Airbus SAS (Airbus) and Air France SA (Air France), the subsidiary of Air France-KLM, are to combine resources for the creation of a 50:50 joint venture. This JV is for the provision of component maintenance services (supply chain management, repairs, creation of a worldwide pool of aircraft components for the

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Air France-KLM

Air France-KLM and Apollo Global Management sign agreement for €500 million quasi-equity financing

Air France-KLM and Apollo Global Management have signed a definitive agreement for Apollo-managed funds and entities (Apollo) to raise a €500 million (£431 million) financing into an operating affiliate of Air France that will own a pool of components dedicated to Air France’s Engineering and Maintenance activities. Under this agreement and subject to customary closing

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Air France-KLM

Air France-KLM and Apollo in talks over €500million cash injection

Air France-KLM has confirmed it has been in discussions with Apollo Global Management (Apollo), the private equity firm, for a second capital injection of €500 million, this time for one of its engineering maintenance units. According to the European carrier, the money will be allocated for general corporate purposes and that no workforce-related changes would

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