Global minimum tax gains momentum accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.
PARIS (BLOOMBERG) - Air France-KLM will receive as much as 4 billion euros (S$6.3 billion) and the French government could raise its stake to as high as 30 per cent as part of a recapitalisation plan for the indebted carrier slammed by the pandemic.
Air France will get up to 1 billion euros in fresh capital as part of a shareholder subscription, and convert a previous 3 billion-euro French loan into hybrid instruments, according to a statement on Tuesday (April 6) from the European Commission. In exchange, Air France will have to give up 18 daily slots at Orly airport outside Paris.
The French government could become the biggest shareholder in the airline as part of the plan, French Finance Minister Bruno Le Maire said on France Inter radio.