The European Union on Monday approved a 3.4 billion-euro ($3.8 billion) financial support package, backed by the Netherlands government, to help national champion KLM get through the coronavirus crisis.
The Dutch aid is on top of 7 billion euros ($7.9 billion) in funding granted earlier this year by France for sister carrier Air France.
Under the Dutch rescue program, KLM will receive a 2.4 billion-euro revolving credit facility from 11 banks. Loans are 90% guaranteed by the government and mature...
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