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Air France-KLM (symbol: AFLYY) is a leading global airline company headquartered in France. The company operates through two main hubs, Paris-Charles de Gaulle (CDG) and Amsterdam Schiphol (AMS), offering a comprehensive network of passenger and cargo services.
Air France-KLM provides scheduled passenger air transportation, cargo transportation, and maintenance services. The company's fleet is one of the most modern and efficient in the world, ensuring safety, comfort, and sustainability. Recently, Air France-KLM announced the launch of a tender offer to repurchase two series of existing notes, aiming to optimize its debt profile. The notes involved are €750,000,000 1.875% notes due January 2025 and €500,000,000 3.875% notes due July 2026. This initiative is part of the company's strategy to manage its financial obligations dynamically.
The company also successfully issued new bonds totaling €650 million with a 5-year maturity, demonstrating strong investor confidence. These new bonds will help in refinancing part of the existing debt and supporting general corporate purposes. The bonds are expected to be rated BBB- by Fitch and BB+ by S&P.
Air France-KLM's ongoing projects emphasize sustainability and technological advancement, including fleet renewal programs and digital transformation initiatives. The company has established numerous partnerships to enhance its operational efficiency and expand its market reach.
With an extensive network and a strong commitment to innovation and sustainability, Air France-KLM remains a significant player in the global aviation industry. For more information about the company's latest news and financial performance, visit their website at www.airfranceklm.com.
Air France-KLM has successfully issued new bonds worth €650 million with a 5-year maturity and a 4.625% coupon.
The issuance, under its €4.5 billion Euro Medium Term Note Programme, saw strong demand, with an orderbook exceeding €2.8 billion, showcasing investor confidence. The new bonds are expected to be rated BBB- by Fitch and BB+ by S&P.
Proceeds will be used to refinance existing debt, including €750 million 1.875% notes due January 2025 and €500 million 3.875% notes due July 2026, and for general corporate purposes. An application for trading on Euronext Paris will be made.
Air France-KLM has announced a tender offer to repurchase two series of existing notes and intends to issue new notes. The company is offering to buy back €750 million 1.875% notes due in 2025 and €500 million 3.875% notes due in 2026. The proceeds from issuing new Euro-denominated notes will be used to refinance existing debt and for general corporate purposes. This move is part of the company's debt management strategy to extend its average maturity profile. The tender offer is conditional upon the pricing of the new notes. The expiration date for the offer is set for May 21, 2024, with results expected on May 22, 2024.
Air France-KLM has repaid the remaining €48 million of OCEANE 2026 bonds, reducing potential dilutive shares to zero. The company used the Clean Up Call Option to fully repay the outstanding convertible bonds. This move demonstrates financial stability and reduces future shareholder dilution.
Air France-KLM released its consolidated financial statements for 2024, providing insights into the company's financial performance. The airline reported a revenue increase of 8% compared to the previous year, reaching a total revenue of $28.5 billion. Operating income also saw a significant improvement, rising by 12% to $2.1 billion. Despite challenges in the aviation industry, Air France-KLM managed to strengthen its financial position and deliver positive results.
Air France-KLM has announced the availability of documents ahead of the Shareholders' Meeting scheduled for June 5, 2024. Shareholders can access preparatory documents, agenda, resolutions, and voting information on the company's website. The meeting will be held both in person and remotely, with options for online voting and proxy submissions. The event will be broadcast live on the company's website.
Air France-KLM reported positive Q1 2024 results with further revenue growth driven by increased passenger numbers and unit revenue. However, operating income was affected by disruption costs and weaker cargo revenues. The company remains confident in achieving its 2024 cost outlook and sustainability goals. Fleet renewal and operational efficiency initiatives are on track. The group expects capacity and unit cost to improve in 2024, supported by transformation initiatives.
Air France-KLM has made its 2023 Universal Registration Document available, filed with the AMF on April 26, 2024. The document can be accessed in French on the AMF website and Air France-KLM's website, and in English on Air France-KLM's website. It includes key financial reports and governance information.
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