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Paris, 18 July 2024 Air France-KLM and Air France announce the successful renegotiation of their Sustainability Linked Revolving Credit Facility, resulting in an increase to €1.4 billion and extension of its maturity to July 2028 Financial conditions optimization following Air France-KLM's credit rating Maturity extended to July 2028, associated with a one-year extension option Increase of the facility from €1,290m to €1,405m Increase in the RCF lenders' pool from 16 to 17 relationship banks, among which 12 Tier 1 banks, and 5 Tier 2 banks. In March 2023 Air France-KLM and Air France as combined borrowers signed a €1.2billion Sustainability-Linked RCF.
Paris, July 10, 2024 Air France-KLM welcomes today's decision by the European Commission confirming anew that the liquidity support measures granted to its airlines by the French and Dutch States during the Covid-19 crisis were compliant with EU State aid rules. As a reminder, these liquidity measures granted in 2020 took the form of State guaranteed loans and State loans.
Paris, July 1, 2024 Update on Summer bookings Air France and Transavia France are currently experiencing pressure on projected unit revenues for the summer season due to the upcoming Olympic Games in Paris, with traffic to and from the French capital lagging behind other major European cities. International markets show a significant avoidance of Paris.
Air France-KLM's CEO has urged Aeroports de Paris to improve the French capital's Charles de Gaulle airport, saying a shortage of jetways has created a daily struggle for aircraft parking spaces and higher operating costs.
Air France-KLM CEO Ben Smith discusses air travel demand for the summer, supply chain issues and consolidation in Europe. He spoke with Bloomberg Television's Guy Johnson at the IATA Conference in Dubai.
Paris, May 22, 2024 Air France-KLM announces the final results of its tender offer on two series of existing notes Air France-KLM (the “Company”) (Euronext Paris: FR0000031122) rated BBB- by Fitch and BB+ by S&P announces today the final results of its tender offer launched on 13 May 2024 on the following two series of existing notes in cash: €750,000,000 1.875 per cent notes due 16 January 2025 (ISIN: FR0013477254) (of which €750,000,000 is currently outstanding) (the “2025 Notes”); and €500,000,000 3.875 per cent notes due 1st July 2026 (ISIN: FR0014004AF5) (of which €500,000,000 is currently outstanding) (the “2026 Notes” and, together with the 2025 Notes, the “Existing Notes”) (the “Tender Offer”). Existing Notes for a total principal amount of €452.7 million, representing 36.2% of the outstanding Existing Notes, have been tendered for purchase in the Tender Offer and €452.7 million have been accepted, of which €234.8 million of 202
LATAM Airlines will increase the frequency of seven of its international routes connecting Brazil to the United States and countries in Europe and Africa, it said on Thursday.
Paris, May 16, 2024 Air France-KLM announces an increase of the Maximum Acceptance Amount of its current Tender Offer following the success of the concurrent issue of new bonds On 13 May 2024, Air France-KLM (the “Company”) (Euronext Paris: FR0000031122) rated BBB- by Fitch and BB+ by S&P, invited Qualifying Holders (as defined in the Tender Offer Memorandum) to tender for cash some or all of its (i) €750,000,000 1.875 per cent notes due 16 January 2025 (ISIN: FR0013477254) (of which €750,000,000 is currently outstanding) (the “2025 Notes”); and/or (ii) €500,000,000 3.875 per cent notes due 1st July 2026 (ISIN: FR0014004AF5) (of which €500,000,000 is currently outstanding) (the “2026 Notes” and, together with the 2025 Notes, the “Existing Notes”) (the “Tender Offer”), up to a maximum acceptance amount of €350,000,000 in aggregate principal amount (the “Maximum Acceptance Amount”), subject to the right of the Company to increase or decre
Air France-KLM SA (OTCPK:AFRAF) Q1 2024 Earnings Conference Call April 30, 2024 3:30 AM ET Company Participants Ben Smith - CEO Steven Zaat - CFO Conference Call Participants Alex Irving - Bernstein Stephen Furlong - Davy James Hollins - BNP Paribas Jarrod Castle - UBS Sathish Sivakumar - Citi Harry Gowers - JPMorgan Andrew Lobbenberg - Barclays Johannes Braun - Stifel Conor Dwyer - Morgan Stanley Operator Good morning and welcome to the Air France-KLM First Quarter 2024 Results Presentation. Today's conference is being recorded.
Air France and Brussels Airlines are among 20 airlines being investigated by the European Union for potentially misleading greenwashing practices, the airlines told Reuters, confirming a report by Belgian broadcaster RTBF.