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| Name | Symbol | Market | Type |
|---|---|---|---|
| Air France ADS (PK) | USOTC:AFLYY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.039 | -4.72% | 0.7873 | 0.7692 | 0.789 | 0.80 | 0.76 | 0.80 | 179,072 | 21:18:54 |
From Jan 2022 to Jan 2025
By Ed Frankl
Air France-KLM said Friday that it has entered into exclusive discussions with Apollo Global Management Inc. for a 500 million euro ($529.3 million) capital injection to an affiliate of Air France that owns of a pool of spare engines for the air carrier.
The capital injection would reinforce the group's equity, as well as facilitate the financing of future spare-engine purchases under Air France's fleet-renewal program, the airline said.
The proceeds would also enable Air France-KLM and Air France to partially redeem French state perpetual bonds, in accordance with the European Union's Covid-19 state-aid program, the company said.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
May 20, 2022 02:33 ET (06:33 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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