AFI KLM and Apollo Global Management ink a €500 million financing deal for AFI’s MRO component activity

Air France-KLM and Apollo Global Management have signed a definitive agreement for Apollo-managed funds and entities to raise a €500 million financing into an operating affiliate of Air France that will own a pool of components dedicated to Air France’s Engineering and Maintenance activities. Under this agreement and subject to customary closing conditions, Apollo will subscribe to perpetual bonds issued by this ad hoc operating affiliate and this financing will be accounted as equity under IFRS. The financing’s proceeds will be allocated to general corporate purposes and support future components expenditures related to the maintenance activity. The perpetual bonds will