About: http://data.cimple.eu/news-article/1ebecb4b53a6245a9d7146882c749928ebbeb310619dba99a76097ca

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About: http://data.cimple.eu/news-article/1ebecb4b53a6245a9d7146882c749928ebbeb310619dba99a76097ca Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Loss-making Air France-KLM said Monday it had raised just over a billion euros ($1.25 billion) in a share issue that saw the French state double its stake in the company to 28.6 percent. "The success of our capital increase and the renewed support of our main shareholders testify to the confidence of investors in the prospects of the group," Air France-KLM CEO Benjamin Smith said in a statement. The group lost 7.1 billion euros in 2020 due to the effects of the coronavirus pandemic which has resulted in the collapse of the global travel industry. Not all of Air France-KLM's main shareholders took part in the share issue, with the Dutch state declining to invest further and US airline Delta barred from buying shares under American state aid rules. Chinese airline China Eastern increased its stake to 9.6 percent from 8.8 percent. The French state led uptake of the new shares after being authorised to double its stake on April 6 by the European Union, which vets state aid in the 27-member EU bloc. Total French state assistance to Air France-KLM is set to total $4.7 billion and includes converting emergency state loans into company funds. The airline said earlier Monday that it hoped to be running at 50 percent capacity this northern hemisphere summer and perhaps more if travel picks up further. "There's limited visibility for us, we are encouraged with the acceleration of the (coronavirus) vaccine rollout in Europe," Smith told the online World Aviation Festival. State aid to struggling airlines is being challenged in Europe by leading private airline Ryanair which intends to legally contest schemes in Germany, Spain, the Netherlands, Denmark and Portugal. tq/adp/pvh
schema:headline	French state doubles stake in Air France-KLM in rights issue
schema:mentions	Air France–KLM Western Hemisphere Ryanair Foreclosure Types of tennis match American Airlines Delta Air Lines Denmark Netherlands Spain Germany Chief executive officer European Union Pandemic France Portugal Vaccine United States China Coronavirus Benjamin B. Smith Adenosine diphosphate PVH (company)
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-19 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	70 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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