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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By maria gbaf

    Posted on January 7, 2022

    Featured image for article about Top Stories

    PARIS (Reuters) -Franco-Dutch airline group Air France-KLM will need to raise additional capital of between 1 billion and 2 billion euros in 2022 to weather the downturn in air travel caused by the COVID-19 pandemic, Les Echos reported on Thursday.

    The paper reported that this would likely not be the last capital issue as the airline would need another 4 billion to 6 billion euros to remain a top industry player.

    The airline has already received more than 14 billion euros ($15.81 billion) in support from the French and Dutch governments since the start of the COVID crisis.

    A spokesman for the group could not immediately be reached.

    In December, Air France-KLM redeemed 500 million euros ($565 million) from an earlier French state loan issued to help the airline cope with the fallout from the pandemic, and said it could also raise new equity.

    ($1 = 0.8856 euros)

    (Reporting by Richard Lough in Paris;Editing by GV De Clercq and Matthew Lewis)

    PARIS (Reuters) -Franco-Dutch airline group Air France-KLM will need to raise additional capital of between 1 billion and 2 billion euros in 2022 to weather the downturn in air travel caused by the COVID-19 pandemic, Les Echos reported on Thursday.

    The paper reported that this would likely not be the last capital issue as the airline would need another 4 billion to 6 billion euros to remain a top industry player.

    The airline has already received more than 14 billion euros ($15.81 billion) in support from the French and Dutch governments since the start of the COVID crisis.

    A spokesman for the group could not immediately be reached.

    In December, Air France-KLM redeemed 500 million euros ($565 million) from an earlier French state loan issued to help the airline cope with the fallout from the pandemic, and said it could also raise new equity.

    ($1 = 0.8856 euros)

    (Reporting by Richard Lough in Paris;Editing by GV De Clercq and Matthew Lewis)

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