the Dutch Authorities to save the airline KLM, which is part of the second largest airline of Europe, the holding company Air France-KLM. This writes Bloomberg with reference to the statement of the Ministry of Finance of the Kingdom.
KLM will receive from the authorities financial assistance to the tune of 3.4 billion euros 2.4 billion will be by Bank loans with government guarantees, another billion will be a direct loan. In exchange for financial assistance KLM will suspend payment of dividends to shareholders, 20 percent will reduce the number of night flights will stimulate the development of rail transport and will reduce carbon dioxide emissions that meets the long-term development strategy of the European Union.
the Ministry of Finance of the Netherlands called the inevitable mass layoffs in the company, the decline in wages and the refusal of bonuses. The government will appoint KLM observer to ensure the use of allocated funds exclusively to maintain the company.
Earlier it was reported that Air France will receive assistance in the amount of seven billion euros. Support will provide the largest European airlines — the German Lufthansa. She will receive nine billion euros.
