Air France KLM: paid off earlier French state loan made during COVID-19 crisis

Air France KLM said on Wednesday that it had paid off in full the remaining 2.5 billion euros ($2.64 billion) that had formed part of a loan given to it by the French state to help it get through the effects of the COVID-19 pandemic.


“This full repayment will contribute to smoothing the group’s debt profile, reduce financial costs and limit residual exposure to floating rates,” the company said in a statement.

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Source: Reuters

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