Air France-KLM to get another rescue package

The talks on strengthening the equity capital of Air France-KLM, which are seriously affected by the crisis, are in full swing. But according to the boss of Air France, Anne Rigail, there is currently no acute need. According to her, the objective is still to reach an agreement next spring.

For additional resources, Air France-KLM will address the shareholders in particular, including the Dutch and French States. Both KLM and Air France lose EUR 10 million a day as a result of the crisis. The general expectation is that the situation will not be much better in the first quarter of next year.

Rigail does not expect to recover from business travel until the second quarter. The Dutch/French company is currently working on reducing the workforce. In total, 8500 jobs are lost at Air France.

The more stringent measures to contain the spread of the virus have stopped air traffic for the most part. According to Rigail, 35% of scheduled flights will be operated In november. That was 40 percent in October.