If the operation is done “this will be done in good understanding with the Dutch state», Specifies the Minister.
«The share of debt at Air France KLM is very high. If Air France KLM needs equity, it is possible to recapitalize, we must find ratios that are normally accepted by the markets“Jean-Baptiste Djebbari, Minister Delegate to the Minister of Ecological Transition, in charge of Transport, said this morning on BFM Business. He added : “If Air France is to leave in good conditions, there is a need to recapitalize“. He acknowledged that the 7 billion euros loan from the French State and the 3 billion from the Dutch government “are not enough».
«We have granted loans to Air France KLM, it is possible that there will be a recapitalization», He insists. If the operation is done “this will be done in good understanding with the Dutch state“. He specifies that the “French and Dutch governments are in negotiations (…) We are considering taking a stake in the airlineHe adds. Will the Dutch state also take a stake in the airline? “This is the subject of the discussions,” replied the Minister. “We look at him honestly and lucidly“, Again indicates the Minister. As a State shareholder, “we have an interest in having strategic assets“, He emphasizes again.
This operation is also “conditioned on the group’s strategy for itself», Indicates the Minister. “Air France-KLM must have a very clear strategy», He emphasizes. He doesn’t rule out the news storyline “acquisitions, consolidation, restart in the crisis“Or a new”major strategy around the home network».
The latter assured that he “the French must be aware from the power of support of the French State and not only for Air France KLM. This allows you to survive during the crisis».
For his part, the Minister of the Economy Bruno Le Maire had indicated the day before that the State will provide additional financial support to the airline if necessary while ruling out a “additional taxationOf the bloodless airline sector. “We will continue to support our national airline if needed“, Declared the Minister of the Economy during a special broadcast of BFMTV. «It’s a matter of national sovereignty to have our own national airline, and then behind there are tens of thousands of jobs involved“, Defended Bruno Le Maire. The latter, however, ruled out any possibility of renationalizing the airline.
At the end of September, had also evoked the scenario of a recapitalization of a few billion. An operation planned before the next general assembly of the group which should be held during the second quarter of 2021.