Tata Consultancy Services (TCS), a renowned global IT and consulting firm, has secured a multi-year contract to revolutionize Air France-KLM’s data management. Over the next three years, TCS will move the airline group’s extensive data resources to the cloud, a strategic shift anticipated to position Air France-KLM as the world’s most data-centric airline group. This […]
In a critical development for its financial restructuring, Scandinavian airline SAS AB has reached an investment agreement with a consortium led by Castlelake, alongside Air France-KLM, Lind Invest, and the Danish state. This new deal also introduces a USD 500 million DIP financing credit agreement by Castlelake, aimed at refinancing SAS’s current obligations and boosting […]
Air France-KLM has secured an investment commitment of €500 million from Apollo Global Management for an ad hoc operating affiliate which will own a pool of spare engines dedicated to the Franco-Dutch airline’s engineering and maintenance activities. In this connection, Air France-KLM and Apollo Global Management have signed a definitive agreement. The investment will be […]