Aerospace & Defense

France doesn't intend to exit Air France-KLM capital - APE head

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An Air France aircraft, operated with sustainable aviation fuel (SAF) produced by TotalEnergies, is refueled before its first flight from Nice to Paris at Nice airport, France, October 1, 2021. REUTERS/Eric Gaillard

PARIS, Oct 26 (Reuters) - France doesn't intend to exit the capital of airline company Air France-KLM (AIRF.PA) in the coming years, Martin Vial, head of the French state shareholding agency APE, said on Tuesday.

Vial also told reporters that the French state could take part in any new operation involving Air France-KLM's capital.

France has a 28.60% stake in Air France-KLM, according to data from Refinitiv.

Air France-KLM CEO Ben Smith said last month the company was looking at raising fresh funds soon after completing a share issue earlier this year, bolstered by a positive trend in bookings since the United States announced it would reopen to European travellers. read more

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Reporting by Jean-Michel Belot; Writing by Matthieu Protard; Editing by Kirsten Donovan

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