KLM Set to Take Off With €4 Billion Dutch Government Aid
When airlines across the world resume operations post COVID-19 pandemic, KLM will be one of those starting off on a strong financial footing.
The airline will receive up to €4 billion in state aid from the Dutch government to help it cushion the impact of the ongoing COVID-19 crisis on the entire airline sector.
Pretty much like every other airline, Air France and KLM are currently weathering a storm of unprecedented magnitude due to the ongoing COVID-19 pandemic.
The aids to KLM became imperative considering that the airline is a major employer of labor and is of vital importance to the Dutch economy. KLM employs 30,000 staff.
The scale of the public interest in the route network KLM operates from Schiphol, last year led the Dutch government to acquire a 14% share in Air France-KLM.