Air France – KLM needs urgent cash injection, France and Netherlands are in talks

Air France-KLM has EUR 6 billion in cash, but because of the corona crisis, it quickly needs state aid from the French and Dutch governments to keep the fleet in the air. Air France boss Anne Rigail told the French newspaper Le Figaro.

The management of Air France-KLM is in talks with the governments in the countries, which both own 14 percent of the shares, to find out in what form the airline group can be supported.

“The talks are underway. The group has EUR 6 billion in cash, but we will soon need financial help,” she said without further details.

Aviation group Air France-KLM is talking to various banks about billions of euros in emergency loans that the Dutch and French governments must guarantee.

“The support from the French and Dutch governments is imperative to get through this,” said Rigail. “We are grateful that both countries have pledged to help.”