Air France-KLM and Air France take note of the two judgments of the General Court of the European Union

Rhea-AI Summary

Air France-KLM (AF.PA) is facing legal challenges after the General Court of the European Union annulled two Commission decisions approving French State aid measures during the Covid 19 crisis. The company will assess the implications of the judgments and consider whether to lodge an appeal. Air France-KLM emphasizes that they have complied with all exit requirements of the State aid granted under the EU State Aid Temporary Framework.

Paris, December 21, 2023

Air France-KLM and Air France take note of the two judgments of the General Court of the European Union rendered on December 20, 2023, annulling a 2020 Commission decision and a 2021 Commission decision which approved various French State aid measures during the Covid 19 crisis.

Air France-KLM and Air France will carefully study these judgments and assess their implications. They will consider whether to lodge an appeal on points of law before the Court of Justice of the European Union. In parallel, they will contribute to any exchange between the French State and the European Commission with a view to the adoption of possible new approval decisions.

Air France-KLM reminds that Air France-KLM and Air France have complied with and fulfilled all exit requirements of all State aid granted under the EU State Aid Temporary Framework on April 19, 2023.

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Investors Relations

Website: www.airfranceklm.com

Attachment

• AF-KLM_PR_judgments_of_the_General_Court_EN

FAQ

What legal challenges is Air France-KLM facing?

Air France-KLM is facing legal challenges after the General Court of the European Union annulled two Commission decisions approving French State aid measures during the Covid 19 crisis.

What is the ticker symbol for Air France-KLM?

The ticker symbol for Air France-KLM is AF.PA.

What is the EU State Aid Temporary Framework?

The EU State Aid Temporary Framework refers to the guidelines set by the European Union for providing temporary state aid to companies during the Covid 19 crisis.

What is the exit requirement of the State aid granted to Air France-KLM?

Air France-KLM emphasizes that they have complied with all exit requirements of the State aid granted under the EU State Aid Temporary Framework.

What is the website for Air France-KLM's investor relations?

The website for Air France-KLM's investor relations is www.airfranceklm.com.