Tagsbailout

KLM submits plan for €3.4bn bailout to Dutch government

KLM Royal Dutch Airlines has submitted a restructuring plan to the Netherlands ministry of finance as the carrier seeks to overcome the slowdown in travel surrounding the Covid-19 pandemic. The airline is seeking government loans and guarantees to the value of €3.4 billion. The plan outlines how KLM intends to overcome the worst crisis in […]

Qatar Airways receives US$2bn bailout following Covid-19 losses

Qatar Airways has received around US$2 billion in state aid as the flag-carrier battles the fallout from the Covid-19 pandemic. Branding 2019/20 one of its “most difficult years,” the Middle Eastern airline noted it had also been hit by the ongoing blockade of Qatari airspace and the collapse of Air Italy in recent months. Changes […]