Netherlands agrees to contribute E3.4b to Air France-KLM bailout
The Dutch government has reached a deal with France to contribute E3.4b to an Air France-KLM bailout that had strained relations between the airline group’s state shareholders, sources said. The agreement will see the Netherlands issue direct loans and guarantees to KLM and appoint a trustee to its board, two people with knowledge of the matter said. Air France-KLM and the French finance ministry declined to comment, but the Dutch finance ministry later announced a Friday morning news conference to “detail the financial aid package for KLM”. A statement that briefly appeared on the group website also mentioned its E3.4b value. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-06-26/sky/netherlands-agrees-to-contribute-e3-4b-to-air-france-klm-bailout
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Netherlands agrees to contribute E3.4b to Air France-KLM bailout
The Dutch government has reached a deal with France to contribute E3.4b to an Air France-KLM bailout that had strained relations between the airline group’s state shareholders, sources said. The agreement will see the Netherlands issue direct loans and guarantees to KLM and appoint a trustee to its board, two people with knowledge of the matter said. Air France-KLM and the French finance ministry declined to comment, but the Dutch finance ministry later announced a Friday morning news conference to “detail the financial aid package for KLM”. A statement that briefly appeared on the group website also mentioned its E3.4b value. <br/>
