Air France has agreed to subscribe to a convertible bond
Air France has agreed to subscribe to a convertible bond offering by CityJet that could eventually make it a shareholder in its Irish franchisee. Air France will purchase 2.5 million euros ($2.6 million) worth of bonds under a 10-million-euro new capital issue, and take two seats on the board.
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.