Air France-KLM has signed a new €1 billion (US$1.16 billion) multi-purpose credit facility with a syndicate of 12 international banks, further strengthening the group’s financial flexibility and liquidity position. The facility can be drawn and repaid at the group’s discretion and has an initial maturity date of June 2028. It also includes a one-year extension […]
Air France-KLM secures €1bn credit facility Read More »
The long-anticipated privatisation process of TAP Air Portugal (TAP) has entered a decisive phase, as two of Europe’s largest airline groups—Air France–KLM and Lufthansa Group—have formally submitted non-binding offers for the Portuguese flag carrier. The development marks a significant step in the restructuring of Europe’s aviation landscape, with TAP positioned as a strategically valuable asset
Air France–KLM and Lufthansa submit non-binding offers for TAP Air Portugal Read More »
IndiGo, Delta Air Lines, Air France-KLM, and Virgin Atlantic have announced a strategic cooperation aimed at significantly enhancing air connectivity between India, Europe, and North America. The collaboration is set to establish an industry-leading network by combining the strengths of each airline across key regions and aims to grow into a global-scale operation. This initiative
New global airline cooperation to enhance India-Europe-North America connectivity Read More »
Air France-KLM has successfully priced a €500 million issuance of hybrid bonds, offering a fixed annual coupon of 5.75% (yielding 5.875%) until the first reset date. The undated, deeply subordinated hybrid bonds will be rated BB by Fitch and B+ by S&P, qualifying for 50% equity credit from both agencies. Fitch and S&P have reaffirmed
Air France-KLM raises €500 million in strongly oversubscribed hybrid bond offering Read More »
Air France-KLM reported a strong first quarter, with 21.8 million passengers carried—an increase of 4.5% compared to the same period last year. The group saw capacity rise by 3.8% and traffic grow by 3.3%, resulting in a broadly stable load factor of 86.0%. Unit revenue per available seat kilometre (ASK) rose by 3.0% at constant
Air France-KLM sees passenger growth and strong cash flow in Q1 Read More »
Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) has announced key leadership appointments aimed at strengthening the group’s organisation and maintaining its industry-leading standards in aviation maintenance, repair, and overhaul (MRO). From September 1, 2024, Michael Grootenboer will take on the role of Senior Vice President (SVP) Procurement for the Air France-KLM Group,
AFI KLM E&M introduces strategic leadership updates Read More »
Air France-KLM and SAS have announced the signing of codeshare and interline agreements applicable to Air France, KLM and SAS. These agreements, which also cover reciprocal loyalty programme benefits, will come into effect on September 1, 2024, coinciding with SAS’ official entry into the SkyTeam alliance, of which Air France-KLM is a founding member. The
Air France-KLM and SAS sign codeshare and interline agreements Read More »
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
Air France-KLM and CMA CGM terminate cargo cooperation Read More »
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
Air France-KLM and Apollo sign €1.3 billion financing agreement Read More »
On September 13, AFI KLM E&M opened its new engine shop at its Orly location. The facility is the centrepiece of the “Single Roof” project, the ambition of which is to place AFI KLM E&M at the forefront of industry standards in engine maintenance and to support its positioning on new-generation products such as LEAP
AFI KLM E&M opens new engine shop Read More »
