Tag: selling shares

Air-France-and-KLM-Paris
Air France-KLM Will Raise $2.4 Billion From Selling New Shares

Reading Time: < 1 minute Air France-KLM has launched a 2.26-billion-euro ($2.41 billion) share sale to repay some French state aid as it seeks shareholder backing to invest in resurgent air travel. Chief Executive Ben Smith said the widely anticipated move was part of efforts to “strengthen our financial autonomy” and regain strategic and operational flexibility. “As the recovery continues […]