France’s junior minister for transport, Jean-Baptiste Djebbari, has commented in a piece by The Financial Times that Air France-KLM is coming under growing pressure to repay its pandemic state-aid quickly so it can consider acquisitions. A €4bn recapitalisation by the French state in 2021 constrains the group from taking more than a 10% stake in any competitor until three-quarters of that aid is repaid. “The issue [for the company] is whether it will manage, financially, to untie its hands quickly enough so that it can respond to market opportunities,” Djebbari said. The group needed to be “one of the major

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