The netherlands provide assistance to 3.4 billion euros to Air France-KLM

After France, the netherlands come to the rescue of Air France-KLM while providing assistance to 3.4 billion euros to the Dutch company to allow him to cope wit

The netherlands provide assistance to 3.4 billion euros to Air France-KLM

After France, the netherlands come to the rescue of Air France-KLM while providing assistance to 3.4 billion euros to the Dutch company to allow him to cope with the crisis " linked to the coronavirus, according to a press release issued Friday by the group. This assistance, in the form of loans, added to the $ 7 billion put on the table by France on 7 may to ensure the survival of the French company, brought to its knees as the entire sector by the pandemic.

at the end of April, The Hague had promised for his part to assist KLM in an amount between 2 and 4 billion euros. Using a 3.4 billion euro consists of a loan of 2.4 billion provided by 11 banks, including three in the netherlands, the guaranteed 90 % by the Dutch State and a direct loan to KLM for € 1 billion.

Date Of Update: 26 June 2020, 05:35
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