European Commission approved package of state support to Dutch airline KLM in the amount of 3.4 billion euros to provide urgent liquidity of the company in the context of the outbreak of coronavirus.
Support will be provided in the form of a state guarantee for loans granted by consortium of banks and a subordinated loan provided by the Dutch government.
KLM plays a key role in the economy of the Netherlands from the point of view of employment and of air traffic, - noted in the European Commission.
the Netherlands in accordance with the rules of state aid, the EU has notified the European Commission on measures in aid of KLM designed to mitigate the negative effects of the outbreak of coronavirus.
Franco-Dutch Air France-KLM, the second largest airline of Europe, plans to cut more than 7,500 jobs in the next three years in France during the crisis caused by the pandemic coronavirus.
In early may, the European Commission approved the provision of state support for France by Air France in the amount of 7 billion euros in connection with the epidemic COVID-19.
