PARIS -- Air France-KLM SA has 6 billion euros in cash at hand, Anne Rigail, chief executive of Air France told French newspaper Le Figaro, adding that state support from the French and Dutch governme
nts would be needed soon in order to keep the airline afloat.
Air France-KLM executives have been in talks with the two states, each owns 14 percent of Air France-KLM, to discuss what form this state support could take, Rigail said. "The discussions are ongoing...The group has some 6 billion euros of cash, but we will need financial support soon," she added in an interview published on Monday, declining to comment further to the newspaper.
Both airlines have slashed flights by more than 90 percent and reined in costs with the help of government-funded furloughs. "The support of the French and Dutch governments is absolutely necessary in order to get through this. We are grateful that the two governments have promised to bring it."
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