Air France KLM draws down on 1.1 billion euros of revolving credit facility By Reuters

March 13, 2020 admin Stock News 0

© Reuters. Air France KLM draws down on 1.1 billion euros of revolving credit facility

PARIS (Reuters) – Air France KLM (PA:), one of many airlines around the world that has been hit by the coronavirus crisis, said on Friday that it had drawn down on 1.1 billion euros ($1.2 billion) worth of its revolving credit facility to help its financial position.

“The Air France-KLM Group therefore now has more than 5.5 billion euros of total liquidity immediately available to meet possible changes in the environment,” the airline added in a statement.

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