The Air France-KLM Group, Air France, and KLM,on Friday, said that they are engaged in talks with the French and Dutch governments regarding the implementation of specific aid measures that would enable them to maintain their solvency.
Air France-KLM Group, a Franco-Dutch airline company, in its earlier release on April 9 said that given the major impact of the Covid-19 crisis, which would weigh heavily on its EBITDA (earnings before interest, taxes, depreciation, and amortization), a liquidity injection would be necessary for the third quarter of 2020.
Following several weeks of discussions with the French state and banking institutions, a support mechanism has been formulated for the airline service for its revival.
