27-Apr-2020 7:59 AM
Government prepares financial support measures for KLM
Direct News Source
The Dutch government plans to provide KLM with financial assistance totalling between two and four billion euros to enable the company to get through this difficult and uncertain time. Owing to travel restrictions, over 90% of the airline's fleet is currently grounded. The precise structure of the support, which is expected to consist of a guarantee and a loan, is currently being worked out.
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This press release was sourced from Netherlands' government on 24-Apr-2020.