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France Doesn’t Intend to Exit Air France-KLM Capital: APE Head

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France Doesn’t Intend to Exit Air France-KLM Capital: APE Head
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 on Oct. 1, 2021. (Eric Gaillard/Reuters)
Reuters
10/26/2021
Updated:
10/26/2021

PARIS—France doesn’t intend to exit the capital of airline company Air France-KLM 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.

The logo of Air France KLM Group is pictured on the first Air France airliner's Airbus A350 during a ceremony at the aircraft builder's headquarters of Airbus in Colomiers near Toulouse, France on Sept. 27, 2019. (Regis Duvignau/Reuters)
The logo of Air France KLM Group is pictured on the first Air France airliner's Airbus A350 during a ceremony at the aircraft builder's headquarters of Airbus in Colomiers near Toulouse, France on Sept. 27, 2019. (Regis Duvignau/Reuters)

France has a 28.60 percent 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 travelers.