KLM to receive up to 4 billion euros in financial aid: finance minister

Transport 25 April 2020 00:55 (UTC+04:00)
KLM to receive up to 4 billion euros in financial aid: finance minister

KLM, the Dutch subsidiary of Air France KLM (AIRF.PA), will receive 2-4 billion euros (up to $4.32 billion) in emergency aid to help it through the COVID-19 crisis, Dutch Finance Minister Wopke Hoekstra said on Friday, Trend reports citing Reuters.

The details are still being worked out, he said, but will likely comprise a combination of bank loans and state guarantees, he said.

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