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If approved by the European Commission, the deal would be the largest such support package to date in France, Gide said.
April 29, 2020 at 12:04 PM
1 minute read
Paris Correspondent
Gide Loyrette Nouel and Willkie Farr & Gallagher have advised Air France-KLM Group on an agreement in principle for €7 billion ($7.6 billion) in financing to weather the COVID-19 crisis, Gide said in a statement released Wednesday.
The funding, which is being finalized by the French state and the banking syndicate involved, will help the parent of the flagship airlines of France and the Netherlands “adapt in a sector that the current global crisis will impact hard,” according to the statement.
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