Air France-KLM has announced the repayment of €300 million in remaining French state hybrid perpetual bonds. The carrier group said it also “paid the required compensation of the French state for the shares subscribed in April 2021 without change required of the capital ownership” and has in turn “refinanced €407 million with a new issuance of hybrid perpetual bonds with the French state, without any restrictions attached”. The group had in February 2023 said it would carry out the remaining repayments owed to the French state. The latest transaction means the group has exited the Covid-19 recapitalisation state aid and

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