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PARIS (Reuters) - The board of Air France-KLM was meeting on Monday to approve new French government-backed refinancing measures designed to see the airline group through the COVID-19 crisis, sources close to the situation said.
Air France-KLM is expected to convert part of its 4 billion euros ($4.7 billion) in direct government loans into hybrid instruments and raise new equity capital under the plans to be announced by Tuesday morning, the sources told Reuters.
The company and the French finance ministry both declined to comment on Monday.
Air France-KLM, which last year received a total of 10.4 billion euros in loans backed by France and the Netherlands, has for months been discussing a multi-stage recapitalisation plan to lighten the resulting debt load.
Coronavirus Covid-19: Could this smart sleeve make borders safer?
4 Apr, 2021 01:11 AM
4 minutes to read
Scientists have designed a smart sleeve they say could help reduce the spread of Covid-19 at New Zealand s border - and now aim to test it in MIQ facilities. Photo / Supplied
Scientists have designed a smart sleeve they say could help reduce the spread of Covid-19 at New Zealand s border - and now aim to test it in MIQ facilities. Photo / Supplied
Scientists have designed a smart sleeve they say could help reduce the spread of Covid-19 at New Zealand s border - and now aim to test it in MIQ facilities.
Māori creation story for wall of Whanganui centre
17 Mar, 2021 04:00 PM
2 minutes to read
Ruby Fleming and daughter Violet, 4, attach items to a new mural for the Whanganui Resource Recovery Centre fence. Photo / Bevan Conley
Laurel Stowell is a reporter for the Whanganui Chroniclelaurel.stowell@whanganuichronicle.co.nzWhangaChron
When Ruby Fleming designed a mural for the Whanganui Resource Recovery Centre she had to include Ruapehu - part of her heritage as well as Whanganui s.
The mural shows Papatūānuku, the Māori earth mother, in a Whanganui landscape with the mountain behind. The Artists Open Studios public is invited to its launch and blessing, at 1pm at the Whanganui Resource Recovery Centre on March 20.