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Air France-KLM fully repays Covid-19 loan guaranteed by France
Chicago, March 15 – Air France-KLM announced that it has fully repaid the remaining €2.5 billion of the initial €4 billion bank loan guaranteed by the French state during the Covid-19 crisis, according to a press release.
The group was able to repay the loan due to its strong cash position and with proceeds from the recent €1 billion sustainability-linked bond issued in January.
The company says that it will help the group’s debt profile, reduce financial costs and limit residual exposure to floating rates.
Nine banks participated in the loan.
The airline is based in Roissy, France.
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