April 23
Anjum Shabbir
6th April 2021
Competition & State Aid Covid-19

Commission approves French State aid for recapitalisation of Air France in COVID-19 context

The European Commission has approved aid from France in the amount of 4 billion euros to Air France through its holding company (Air France-KLM) under the State aid Temporary Framework, due to major financial losses suffered as a result of the COVID-19 outbreak and related travel restrictions, and so that it can be recapitalised.

The recapitalisation includes a 3 billion euro loan which has already been granted by France and approved by the Commission (SA.57082), which will be converted into a hybrid capital instrument; and a capital injection through the subscription of new shares in a share capital increase opened to existing shareholders and the market, limited to 1 billion euros depending on the size of this operation.


Your privacy is important for us

We use cookies to improve the user experience. Please review privacy preferences.

Accept all Settings

Check our privacy policy and cookies policy.