Dutch government puts KLM bailout plan on hold


Pilot standoff: KLM had been slated to receive a US$3.96bil package to help it through the coronavirus pandemic. — AP

THE HAGUE: The Dutch government said it would put on hold its bailout plan to KLM, the Dutch arm of Air France-KLM, after the airline’s pilots rejected a demand that their wages be frozen until 2025, Dutch finance minister Wopke Hoekstra said.

KLM had been slated to receive a €3.4bil (US$3.96bil) package, including €1bil in direct loans from the Dutch government to help it through the coronavirus pandemic.

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KLM , Dutch Finance Minister , Wopke Hoestra , loan

   

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