COVID-19: Air France-KLM is in talks with banks to receive billions of euros in loans guaranteed by the French and Dutch governments. YahooFinance
PARIS/AMSTERDAM - Air France-KLM is in talks with banks to receive billions of euros in loans guaranteed by the French and Dutch governments, as the airline group braces for a sustained coronavirus shutdown, sources told Reuters.
Details and amounts are not finalised and could change, the people said. Under the most likely scenario, Air France may get as much as 4 billion euros in French-guaranteed loans while KLM receives close to 2 billion backed by The Hague, one source said. The French and Dutch governments also declined to comment in detail on the Air France-KLM talks. Both countries have expressed willingness to offer financial help.
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