KLM looks to Dutch government for €3.4 billion loan which has strings attached
KLM Royal Dutch Airlines (KLM) has submitted its critical restructuring plan to the Dutch government as part of its commitment to reduce operating costs. The government had stipulated that the carrier needed to reassess its strategy, cost-cutting initiatives, financial considerations and how staff will embrace reduced employment conditions amounting to income-dependent, graduated cutbacks of up […]
KLM looks to Dutch government for €3.4 billion loan which has strings attached Read More »