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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

Success of Air France-KLM Group's global employee shareholding plan

Rhea-AI Summary
Air France-KLM Group (AF.PA) successfully completed its 'Partners for the future' employee shareholding offer, with approximately 17,000 employees from 19 countries subscribing to the offer, resulting in a total subscription amount of nearly 46,073,029 euros and an increase in share capital by 5,716,256 euros. CEO Benjamin Smith expressed confidence in the employees' commitment and their contribution to the company's future success.
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Air France-KLM 2023 Investor day

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Air France-KLM (AFLYY) presents ambitious strategic ambitions and financial trajectory at 2023 Investor Day, with improved operating margin outlook and inaugural investment grade credit ratings.
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Declaration of number of voting rights

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Air France-KLM (AF), a global airline company, has declared the total number of voting rights and shares as required by the French market authority. Following a reverse share split, the company's total number of shares is 257,053,613, with a theoretical number of voting rights of 284,526,924.
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Air France-KLM and Apollo Global Management announce the upsizing and the completion of a quasi-equity financing of €1.5 billion

Rhea-AI Summary
Air France-KLM (NYSE: APO) and Apollo Global Management have completed an upsized quasi-equity financing of €1.5 billion to support a dedicated operating affiliate of Air France-KLM. The financing is accounted for as equity under IFRS and reflects strong investor confidence in the quality of Air France-KLM's Flying Blue Miles issuance activity.
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Declaration of number of voting rights

Rhea-AI Summary
Air France-KLM has declared the number of voting rights and shares as required by the French market authority. As of October 31, 2023, the company has 257,053,613 shares and a total of 284,527,819 theoretical voting rights, which include double voting rights. This follows a reverse share split completed on August 31, 2023, where 10 old shares were exchanged for one new share.
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Q3 2023 - Air France-KLM - Press release

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Air France-KLM reports solid performance in Q3 2023 with a record operating profit and strong summer demand. Revenues up 7% compared to last year, operating margin at 15.5%. Net debt down by €1.3bn. Group CEO announces landmark order for 50 Airbus A350 aircraft to accelerate fleet renewal and sustainability efforts.
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Air France-KLM and Apollo Global Management sign a definitive agreement for a quasi-equity financing of €1.3 billion, with a potential upsize to €1.5 billion

Rhea-AI Summary
Air France-KLM and Apollo Global Management have signed a definitive agreement for a quasi-equity financing of €1.3 billion, with a potential upsize to €1.5 billion. The financing will strengthen Air France-KLM's balance sheet and help restore its IFRS equity.
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Declaration of number of voting rights

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Declaration of number of voting rights
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Air France-KLM to team up with SAS AB through equity and commercial cooperation

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Air France-KLM to team up with SAS AB through equity and commercial cooperation
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Air France-KLM launches its Employee Shareholding Plan

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Air France-KLM to launch global employee share purchase plan
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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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