Tag: remainder
KLM repays remainder of loan to Dutch government
KLM Royal Dutch Airlines will be repaying the final portion of 277 million of the loans secured from the Dutch government and the banks in 2020. KLM borrowed a total of 942 million from the credit facility of 3.4 billion. This repayment means that two years on, KLM will have redeemed all the portions it used of the loan package received to deal with the Covid-19 crisis and to safeguard its future. Amstelveen – WEBWIRE – Friday, July 1, 2022
Various factors including the departure of 6,000 KLM staff members, a sharp reduction in costs, the removal of ... Read more