Air France-KLM brings in billions from issue of shares – CMA CGM new major shareholder

The Dutch and French states both participate in the capital increase, while carrier CMA CGM is new major shareholder.

Photo: Gonzalo Fuentes/Reuters/Ritzau Scanpix

Aviation company Air France-KLM reports Tuesday of a successful capital increase with gross proceeds of EUR 2.26bn.

The proceeds will primarily be used to accelerate return payment of state subsidization and to reduce related financial costs as well as company debt, writes Air France-KLM in an announcement.

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