By Giulia Petroni

Air France-KLM has fully repaid the remaining 2.5 billion euros ($2.68 billion) from its initial EUR4 billion French state-backed loan granted during the coronavirus crisis.

The Franco-Dutch carrier said Wednesday that it was able to do so on the back of a solid cash position achieved at the end of 2022, as well as the EUR1 billion proceeds of the sustainability-linked bond issued in January.

"This full repayment will contribute to smoothing the group's debt profile, reduce financial costs and limit residual exposure to floating rates," it said.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

March 15, 2023 13:33 ET (17:33 GMT)

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