KLM to receive up to four billion euros in financial aid - finance minister

Reuters

Published Apr 24, 2020 20:35

AMSTERDAM (Reuters) - KLM, the Dutch subsidiary of Air France KLM (PA:AIRF), will receive 2-4 billion euros (up to (3.49 billion pounds) in emergency aid to help it through the COVID-19 crisis, Dutch Finance Minister Wopke Hoekstra said on Friday.

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