fast payback
Coincidence or not, Air France-KLM is repaying state aid. The company announced today that it would issue new shares worth 2.3 billion euros.
Most of this amount is used to pay off his debt to the French government. Major shareholders in any case buy additional shares to protect their interests. This will cost the Dutch government 220 million euros.
exempt from strict rules
Financial director Steven Zaat notes that Air France-KLM is not yet there with this capital increase. “There is now 3.3 billion euros in state aid to pay during the corona pandemic.”
He said he wanted to do this as soon as possible because the European Commission had set many conditions. “We want to get rid of strict rules.”
CO2 rules and ambitions
For example, in addition to the bonus ban, KLM had to reduce pilot salaries and KLM had to reduce CO2 emissions per passenger by 50% by 2030.
Smith said yesterday that Air France-KLM’s goal is to cut emissions by 30% per passenger. However, he acknowledged that as passenger numbers continued to rise, this was only a 12% reduction for the airline as a whole.
Source: RTL
Smith Charles is a talented entertainment journalist and author at The Nation View. He has a passion for all things entertainment and writes about the latest movies, TV shows, music, and celebrity news. He’s known for his in-depth interviews with actors, musicians, and other industry figures, and his ability to provide unique perspectives on the entertainment industry.
