Dutch say Air France-KLM cash boost might be needed

Dutch Finance Minister Wopke Hoekstra said Wednesday the government was willing to discuss another cash injection for Air France-KLM should a multi-billion bailout fail to keep the troubled airline flying. Hoekstra's comments come as airline CE Benjamin Smith said this week that multi-billion euro packages for the French and Dutch national carriers would keep it in the air for less than a year. "We've always said, also to the Dutch parliament, that the first phase is about loans," said Hoekstra. "But the possibility also exists that a real capital injection, not loans, may be needed to ensure the company's existence and survival," Hoekstra said. The top Dutch finance official however cautioned that any cash injection would come with conditions and "if, and under what conditions will be discussed within the coming weeks and months." Smith on Monday said discussions were already underway with shareholders on shoring up the airline group, and steps would be taken before the next regular annual meeting in the second quarter of next year.<br/>