Air France-KLM convert flies after lengthy supply drought

Aidan Gregory

March 20, 2019 04:00 pm

Air France PA_230x150 — A traveler carrying luggage walks past a moving Air France plane one day after the crash of Ethiopian Airways Flight 302 at JFK Airport on March 11, 2019 in New York City. Ethiopian Airways Flight 302 crashed on Sunday shortly after takeoff, killing all 157 aboard and raising questions about the safety of the aircraft model, the Boeing 737 Max 8. The Civil Aviation Administration of China ordered that all domestic Boeing 737 MAX 8 jets be out of the air by 6 p.m. local time, due to its principle of "zero tolerance for safety hazards." American Airlines, Southwest Airlines as well as other airlines which have many MAX 8 aircraft in their fleet have no plans to ground those planes at the moment. Photo by John Angelillo/UPI | JOHN ANGELILLO/UPI/PA Images

Air France-KLM, the Franco-Dutch airline, on Wednesday issued a new €500m convertible bond due in 2026. The deal was repriced in the issuer’s favour after long-only convertible funds piled in, following a drought of new supply this year.

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Aidan Gregory