Last year Air France KLM received $12.3 billion in government aid. Now the government of France will provide a new $4.7 billion in support, while the Dutch government is in talks with European regulators over an additional $1.18 billion.
The new aid to Air France is “a state-backed recapitalization,” converting loans from the government into “bonds with no maturity” along with additional capital through the issuance of new shares.