Air, Freight News

Brussels approves KLM loan

[ July 14, 2020   //   Chris ]

The European Commission has approved a €3.4 billion Dutch State guarantee on loans and a loan to KLM to provide urgent liquidity following the coronavirus outbreak. The Dutch carrier is part of the Air France-KLM group and is the Netherlands’ second-largest private employer with over 36,600 employees. It has suffered a significant reduction of its services, but with the gradual easing of restrictive measures, passenger traffic is slowly recovering.

Tags: KLM