April 24, 2020 / 7:27 PM / a month ago

KLM to receive up to 4 billion euros in financial aid-finance minister

AMSTERDAM, April 24 (Reuters) - KLM, the Dutch subsidiary of Air France KLM, will receive 2-4 billion euros (up to $4.32 billion) in emergency aid to help it through the COVID-19 crisis, Dutch Finance Minister Wopke Hoekstra said on Friday.

The details are still being worked out, he said, but will likely comprise a combination of bank loans and state guarantees, he said. ($1 = 0.9260 euros) (Reporting by Anthony Deutsch; Editing by Sandra Maler)

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