Gide Loyrette Nouel and Willkie Farr & Gallagher have advised Air France-KLM Group on an agreement in principle for €7 billion ($7.6 billion) in financing to weather the COVID-19 crisis, Gide said in a statement released Wednesday.
The funding, which is being finalized by the French state and the banking syndicate involved, will help the parent of the flagship airlines of France and the Netherlands “adapt in a sector that the current global crisis will impact hard,” according to the statement.
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