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Air France-KLM outlines plan to further strengthen its cash position


Air France-KLM outlines plan to further strengthen its cash position
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Franco-Dutch airline Air France-KLM has outlined a plan that will help the group to further strengthen its cash position and restore its negative equity.
The cash-strengthening measures have been approved by the group’s board of directors.
As part of the measures, the company plans to introduce a capital increase with a priority subscription period for shareholders. It is expected to improve the group’s equity by up to €1bn.
The Dutch state and Delta Airlines, which respectively hold 14% and 8.8% of the share capital, will not subscribe to this capital increase. ....

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