Air France-KLM (the "Company") is today launching a tender offer to repurchase (the "Tender Offer") any and all of its EUR 600 million subordinated perpetual notes issued in 2015 with a first repayment option on 1st October 2020 at the Company's discretion (ISIN: FR0012650281), issued in 2015 and of which EUR 600 million is currently outstanding (the "Notes").

The Notes are admitted to trading on Euronext Paris.

With this transaction, the Company will optimize its financing costs and continue to actively manage its balance sheet structure. The results will be announced on 12 September 2018.