Royal Dutch Airline, KLM bags $3.85m bailout package from dutch government

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The European Commission on Monday said it had approved the 3.4 billion euros $3.85 billion bailout package promised by the Dutch government to airline KLM last month.

After months of wrangling with France over the role each country should play in a coronavirus rescue deal, the Netherlands said it would support the Dutch arm of Air France-KLM with 2.4 billion euros in bank loans with guarantees, and a 1 billion euro direct loan.

 

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