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Reuters reveals Air France-KLM considers cap hike delay as Omicron disrupts travel


Human Interest

Reuters revealed that Air France-KLM is considering delaying its planned capital increase because of tough travel restrictions imposed by governments to mitigate the spread of the Omicron variant of the coronavirus. The French-Dutch carrier was hoping to raise at least 1 billion euros ($1.13 billion) by the end of the year to shore up its heavily-indebted, pandemic-hit balance sheet and repay government aid, but this is now likely to be delayed, Reuters sources said.

Article Tags

Topics of Interest: Human Interest

Type: Reuters Best

Sectors: Aerospace & Defence

Regions: Europe

Story Types: Human Interest / Feature

Media Types: Text

Customer Impact: Important Regional Story



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