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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Air France-KLM    AF   FR0000031122

AIR FRANCE-KLM

(AF)
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India's Jet Airways to sell Netherlands business to KLM

01/16/2020 | 10:29pm EST
Jet Airways aircrafts are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai

Bankrupt Indian airline Jet Airways Ltd said it had agreed to sell its assets in Netherlands to Dutch airline KLM.

If the deal is finalised, it will only involve a sale of part of the company's business and not impact the shareholding pattern, Jet said in a statement dated Jan. 16. It did not detail the assets held in Netherlands.

Once India's biggest private carrier, Jet stopped flying in April after running out of cash, leaving thousands without jobs and pushing up air fares across the country.

It was admitted to bankruptcy court in June after its lenders, led by State Bank of India SBI.NS, failed to agree on a revival plan.

KLM, a part of Air France KLM, was once codeshare partners with the defunct airline and in the wake of Jet's collapse had added flights to India.

(Reporting by Chandini Monnappa in Bengaluru; Editing by Subhranshu Sahu and Anil D'Silva)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AIR FRANCE-KLM 0.32% 5.084 Real-time Quote.-0.70%
JET AIRWAYS (INDIA) LIMITED -4.99% 126.5 End-of-day quote.3.69%
STATE BANK OF INDIA -1.11% 303.85 Delayed Quote.10.51%
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Financials
Sales 2020 10 693 M 12 911 M 12 911 M
Net income 2020 -7 023 M -8 480 M -8 480 M
Net Debt 2020 12 768 M 15 417 M 15 417 M
P/E ratio 2020 -0,33x
Yield 2020 -
Capitalization 2 173 M 2 627 M 2 624 M
EV / Sales 2020 1,40x
EV / Sales 2021 1,02x
Nbr of Employees 82 122
Free-Float 48,7%
Chart AIR FRANCE-KLM
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Air France-KLM Technical Analysis Chart | MarketScreener
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Technical analysis trends AIR FRANCE-KLM
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 22
Average target price 3,29 €
Last Close Price 5,08 €
Spread / Highest target 57,4%
Spread / Average Target -35,3%
Spread / Lowest Target -98,0%
EPS Revisions
Managers and Directors
NameTitle
Benjamin M. Smith Chief Executive Officer & Director
Anne-Marie Couderc Non-Executive Chairman
Frédéric Gagey Chief Financial Officer
Jean-Christophe Lalanne Executive Vice President-Information Technology
Maryse Aulagnon Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AIR FRANCE-KLM-0.70%2 627
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AIR CHINA LIMITED-9.67%14 128
UNITED CONTINENTAL HOLDINGS, INC.1.48%12 772
CHINA SOUTHERN AIRLINES COMPANY LIMITED-6.49%12 072