Société Générale, has signed a €250mn non-recourse factoring deal with Air France.

The deal was signed through Compagnie Générale d’Affacturage (CGA), SocGen’s French factoring subsidiary.

“This operation is a new step in the close relationship between Société Générale and Air France and shows the will of Société Générale to support its clients and their needs by offering tailor-made solutions and innovative services,” SocGen said in a statement.

CGA provides factoring services to approximately 4,600 clients in France and around Europe.