Investor Presentaiton
IN 2023, AIR FRANCE-KLM WILL CONTINUE TO STRENGTHEN ITS
BALANCE SHEET
March 2023
2023
Full redemption of the outstanding €2.5bn of the PGE¹ by using the €1.0bn proceeds of the Sustainability-Linked Bond which was issued
in January and by using €1.5bn liquidity
April 2023
Air France & Air France-KLM combined and KLM intends to implement two new Sustainability Linked Revolving Credit Facilities (RCF)
2023
Aside of net profit generation, Air France-KLM intends to restore the balance sheet by means of:
➤ non dilutive initiatives such as quasi-equity financing instruments² (similarly to the one raised by AF on a pool of spare engines in
July 2022), supported by Loyalty Program and/or MRO assets and/or straight hybrid bonds.
1)"Prêt Garanti par l'Etat" - Bank loan guaranteed by the French State
2) Subject to compliance with EU State Aid Temporary Framework, if applicable
AIRFRANCE KLM
GROUP
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