March 13, 2020 / 6:47 AM / 23 days ago

Air France KLM draws down on 1.1 bln euros of revolving credit facility

PARIS, March 13 (Reuters) - Air France KLM, one of many airlines around the world that has been hit by the coronavirus crisis, said on Friday that it had drawn down on 1.1 billion euros ($1.2 billion) worth of its revolving credit facility to help its financial position.

“The Air France-KLM Group therefore now has more than 5.5 billion euros of total liquidity immediately available to meet possible changes in the environment,” the airline added in a statement.

$1 = 0.8932 euros Reporting by Sudip Kar-Gupta Editing by Shri Navaratnam

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below