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AIR FRANCE-KLM ADS - AFLYY STOCK NEWS

Welcome to our dedicated page for AIR FRANCE-KLM ADS news (Ticker: AFLYY), a resource for investors and traders seeking the latest updates and insights on AIR FRANCE-KLM ADS stock.

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.

News

Air France KLM - OCEANE redemption

Rhea-AI Summary
Air France-KLM repaid €452 million of OCEANE 2026 bonds, reducing potential dilutive shares by over 4.4 million. The company fulfilled a request from bondholders for early redemption, showcasing financial stability and proactive debt management.
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Air France-KLM - state aid appeal

Rhea-AI Summary
Air France-KLM and Air France have lodged appeals before the Court of Justice of the European Union regarding two judgments annulling Commission decisions approving French State aid measures during the Covid 19 crisis. They have fully refunded all State aid received.
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Declaration of number of voting rights

Rhea-AI Summary
Air France-KLM Group announces an increase in total voting rights following a capital increase for employees. The total number of voting rights now stands at 290,241,272, with the company issuing 5,716,256 new shares.
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2023 Full Year Results

Rhea-AI Summary
Air France-KLM reports strong financial results for full year 2023 with improved operating margin, increased revenues, and positive net income. The Group's equity has been restored, net debt reduced, and inaugural credit ratings achieved. Major achievements include historic aircraft orders and commitment to sustainability. The Group's global employee shareholding plan was successful. The outlook for 2024 includes capacity increase, unit cost expectations, and net capex projections.
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Air France KLM - KLM state aid

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Air France-KLM and KLM are assessing the implications of the annulment of a 2021 Commission decision approving Dutch State aid measures during the Covid-19 crisis. They are considering whether to lodge an appeal on points of law before the Court of Justice of the European Union. Both companies have fulfilled all exit requirements of State aid granted under the Covid-19 Temporary Framework for State aid. KLM fully repaid the loans granted under the framework in June 2022.
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Declaration of number of voting rights

Rhea-AI Summary
Air France-KLM group completed a capital increase reserved for employees, issuing 5,716,256 new shares, increasing the total number of shares from 257,053,613 to 262,769,869. The theoretical number of voting rights, including double voting rights, is 290,241,970 as of January 31, 2024.
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Evolution in the commercial cooperation in air cargo between Air France-KLM and CMA CGM

Rhea-AI Summary
Air France-KLM and CMA CGM have announced their decision to withdraw from their existing cargo commercial cooperation agreements, effective March 31, 2024, due to tight regulatory environments in certain important markets. Both groups are in discussions to operate independently from that date onwards, while CMA CGM remains a core shareholder in Air France-KLM. The parties have also agreed to amend the existing lockup on CMA CGM shares in Air France-KLM’s capital, with CMA CGM stepping down from the Air France-KLM Board of Directors on March 31, 2024.
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Declaration of number of voting rights

Rhea-AI Summary
Air France-KLM (AF), a global airline company, has announced the declaration of the total number of voting rights and shares as required by the French market authority. As of December 31, 2023, the company's total number of shares increased from 257,053,613 to 262,769,869 due to a capital increase reserved for employees, resulting in a theoretical number of voting rights of 290,241,859.
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Declaration of number of voting rights

Rhea-AI Summary
Air France-KLM (AFLYY) declares the increase in total number of voting rights and shares following a capital increase reserved for employees, with the total number of voting rights reaching 290,242,224 as of December 22, 2023.
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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.
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FAQ

What is the current stock price of AIR FRANCE-KLM ADS (AFLYY)?

The current stock price of AIR FRANCE-KLM ADS (AFLYY) is $0.819 as of December 24, 2024.

What is the market cap of AIR FRANCE-KLM ADS (AFLYY)?

The market cap of AIR FRANCE-KLM ADS (AFLYY) is approximately 2.2B.

What services does Air France-KLM provide?

Air France-KLM offers scheduled passenger air transportation, cargo transportation, and maintenance services.

What recent financial actions has Air France-KLM taken?

Air France-KLM launched a tender offer to repurchase two series of existing notes and issued new bonds totaling €650 million.

How does Air France-KLM plan to use the proceeds from the new bonds?

The proceeds will be used to refinance part of the existing debt and support general corporate purposes.

What are the credit ratings for Air France-KLM's new bonds?

The new bonds are expected to be rated BBB- by Fitch and BB+ by S&P.

Where can I find more information about Air France-KLM?

You can find more information on the company's official website at www.airfranceklm.com.

What are Air France-KLM's main hubs?

The main hubs are Paris-Charles de Gaulle (CDG) and Amsterdam Schiphol (AMS).

How is Air France-KLM contributing to sustainability?

The company focuses on fleet renewal and digital transformation initiatives to enhance sustainability.

What is the significance of the recent bond issuance by Air France-KLM?

The bond issuance demonstrates strong investor confidence and aids in extending the company's average debt maturity profile.

How much was the total principal amount tendered in Air France-KLM's recent offer?

A total principal amount of €452.7 million was tendered, representing 36.2% of the outstanding existing notes.

What is the maturity period for the new bonds issued by Air France-KLM?

The new bonds have a 5-year maturity.

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AFLYY Stock Data

2.21B
2.63B
0.36%
0.05%
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