Air France-KLM: Brussels approves support for KLM
(CercleFinance.com) - On Monday the European Commission gave its approval to the Dutch plan to provide urgent cash support of 3.
4 billion euros to KLM, the Dutch airline of the Air France-KLM group.
"The Netherlands imposed certain conditions on the aid measure with respect to profit allocation, working conditions and sustainability. Very good" Margrethe Vestager, Executive Vice-President in charge of competition policy, welcomes in a statement.
The Commission concluded that the measure in question would help the Netherlands to manage the economic impact of the coronavirus pandemic and that it was "necessary, appropriate and proportionate".
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4 billion euros to KLM, the Dutch airline of the Air France-KLM group.
"The Netherlands imposed certain conditions on the aid measure with respect to profit allocation, working conditions and sustainability. Very good" Margrethe Vestager, Executive Vice-President in charge of competition policy, welcomes in a statement.
The Commission concluded that the measure in question would help the Netherlands to manage the economic impact of the coronavirus pandemic and that it was "necessary, appropriate and proportionate".
Copyright (c) 2020 CercleFinance.com. All rights reserved.