Air France-KLM has launched a €2.256bn capital increase aiming to strengthen the company’s equity and balance sheet. The company will issue 1,928 million new shares in Air France-KLM at €1.17 per new share, with preferential subscription rights to existing shareholders maintained. Subscription parity will be 3 new shares per 1 existing share. The net proceeds of the issue will be allocated to repaying the deeply subordinated bonds issued in April 2021 and held by the French State as well as strengthening Air France-KLM’s equity. Air France-KLM has reiterated its intention to free itself from the conditions set by the European

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