×
The Standard e-Paper
Stay Informed, Even Offline
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
France will contribute up to Sh506.9 billion ($4.7 billion) to a recapitalisation of Air France-KLM and more than double its 14.3 per cent stake in the airline group under plans announced on Tuesday with European Union approval.
The French government will convert a 3 billion euro loan extended to the group last year into a hybrid instrument and commit up to an additional 1 billion euros to a planned share issue, raising its stake in Air France-KLM to almost 30 per cent.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join