Europe

European Commission approves KLM’s €3.4 billion bailout package 

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European Commission approves KLM’s €3.4 billion bailout package 

The European Commission has approved, under EU State aid rules, a €3.4 billion Dutch aid measure consisting of a state guarantee on loans and a subordinated state loan to KLM to provide urgent liquidity to the company in the context of the coronavirus outbreak. The measures were approved under the...

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