France, Brussels have Agreed on Air France-KLM Refinancing


Le Maire, talking on LCI TV, declined to touch upon the quantity concerned.

The airline group, which final 12 months acquired 10.4 billion euros ($12.2 billion) in government-backed loans, has been discussing a multi-stage recapitalisation plan to lighten the ensuing debt load, sources have stated.

It will probably contain changing a 3 billion-euro French authorities mortgage into hybrid devices.

(Reporting by Sarah White; Modifying by Andrew Cawthorne)

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