{"id":401185,"date":"2021-02-19T12:27:24","date_gmt":"2021-02-19T06:57:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=401185"},"modified":"2021-02-19T12:27:24","modified_gmt":"2021-02-19T06:57:24","slug":"air-france-klm-expects-bailout-in-weeks-as-cash-burn-mounts-in-covid","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/air-france-klm-expects-bailout-in-weeks-as-cash-burn-mounts-in-covid\/","title":{"rendered":"Air France-KLM expects bailout in weeks as cash burn mounts in Covid"},"content":{"rendered":"<p>Air France-KLM is poised to get a fresh government bailout after burning through 2.1 billion euros ($2.5 billion) in the final quarter of last year as a resurgent Covid-19 pandemic delayed any recovery in air travel.<br \/>\nTalks are ongoing between the carrier\u2019s biggest shareholders, the French and Dutch governments, and the European Commission about a rescue package, according to Chief Financial Officer Frederic Gagey. Air France-KLM reported Thursday it had 9.8 billion euros of liquidity and credit lines at its disposal at the end of 2020 compared with 12.4 billion euros three months earlier.<br \/>\n\u201cIt\u2019s a question of days or weeks, not months,\u201d Gagey said on a conference call when asked about the timing of the recapitalization plan. \u201cWe aren\u2019t in a situation that is too difficult, we still have time. There is no urgency.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Air France-KLM is poised to get a fresh government bailout after burning through 2.1 billion euros ($2.5 billion) in the final quarter of last year as a resurgent Covid-19 pandemic delayed any recovery in air travel. Talks are ongoing between the carrier\u2019s biggest shareholders, the French and Dutch governments, and the European Commission about a rescue package, according to Chief Financial Officer Frederic Gagey. Air France-KLM reported Thursday it had 9.8 billion euros of liquidity and credit lines at its disposal at the end of 2020 compared with 12.4 billion euros three months earlier. \u201cIt\u2019s a question of days or [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-401185","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/401185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=401185"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/401185\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=401185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=401185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=401185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}