KLM 3.4bn bailout in crisis as unions refuse paycut plan
AFP
| 2020/11/02 | 629 words
| LE JOURNAL DE L'AVIATION | AIR TRANSPORT
The Dutch government on Saturday suspended plans to help beleaguered national carrier KLM with a multi-billion-euro bailout package after unions declined to sign a deal involving a five-year pay-cut plan.The move puts the future of the Dutch arm of Air France-KLM into jeopardy, with KLM saying it would not remain afloat without a massive government infusion to save the world's oldest airline, now hit hard by the coronavirus pandemic."The planned state aid is not going through. It's disappoin...(…)
This article is available on « Le Journal de l'Aviation »
Read the article
Tags :
