Air France-KLM Asks 1 Billion to 12 Banks to Buy TAP Portugal and SAS

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Factuality

Ownership

Thanks to its success on the SAS file, with Lufthansa's nose and beard, the French group would be doing the same with TAP Air Portugal. Its boss, Benjamin Smith, was particularly determined at the Paris Air Forum.

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Factuality

Ownership

What happened? Air France-KLM has closed a EUR 1 billion line of credit with a consortium of 12 banks to finance the purchase of airlines. Who is behind it? The French-Dutch group seeks to take control of TAP Portugal and expand its participation in the Scandinavian SAS, with a view also to EasyJet. What impact does it have? The binding offer by the Portuguese airline must be presented before 29 July, in full struggle with Lufthansa, and adds pr…