Air France-KLM also confirmed that the Group has made a non binding offer:

• to acquire 100% of the shares of Alitalia through an exchange offer

• to acquire 100% of Alitalia convertible bonds and

• to immediately inject at least 750 million euros into Alitalia through a capital increase, that will be open to all shareholders and be fully underwritten by Air France-KLM.

A large part of this investment will be used to support a huge relaunch program with cabin reconfiguration at the top of in flight products (seats, interior design, entertainment,…) and ground services to restore Alitalia’s international image as a major airline and to convey the Italian flag and values all over the world.

According to the Group, Air France-KLM will support Alitalia in restoring and recovering its natural position and market share.

In addition, Alitalia's fleet renewal is Air France-KLM's top priority and the Group has assessed that it will proceed with the full renewal of the MD80 short/medium-haul fleet and the B767 long-haul fleet. After the recovery phase, further investments will ensure the growth of the fleet, and enable Alitalia to expand its network from a healthy position.

Air France-KLM's Recovery and Relaunch Plan will not add any more redundancies to Alitalia's current plan as the carrier ensured.