Air France-KLM launches a capital increase

Air France-KLM has launched a new private placement capital increase for approximately €988 million, which may be increased to a maximum amount of €1.136bn in the event of the exercise in full of the increase option. The subscription price per new share is between €4.84 and €5.31. The net proceeds will be allocated to strengthen the equity of Air France. Air France will use the allocated amount to consolidate its liquidity and finance general corporate purposes in the context of the Covid-19 crisis. The capital Increase will lead to the issuance of 186 million new shares, which may be increased