PARIS, Sept 9 (Reuters) - Shares in Air France-KLM fell 7% on Monday amid market speculation that Air France could step in to help rescue troubled airline Aigle Azur, one market trader said.
Financial daily Les Echos reported on Sunday that France’s national flag carrier, Air France, had put forward the “leading offer” to rescue bankrupt Aigle Azur.
“They have expressed an interest in Aigle Azur and the government is likely to push them to get involved,” one market trader told Reuters.
The slump in Air France-KLM shares also came after the release of the Franco-Dutch group’s August traffic data, which showed load factor and cargo activity down during the month. (Reporting by Patrick Vignal; Writing by Richard Lough; Editing by Leigh Thomas)