KLM Gets EU Green Light for Dutch State Aid
19 Julho 2021 - 9:15AM
Dow Jones News
By Olivia Bugault
The European Commission has confirmed its approval for 3.4
billion euros ($4.01 billion) in aid granted by the Dutch state to
its flag carrier KLM, a subsidiary of Air France-KLM.
"The European Commission has re-approved, under EU State aid
rules, a EUR3.4 billion Dutch aid measure consisting of a State
guarantee on loans and a subordinated State loan to KLM to provide
urgent liquidity to the company in the context of the coronavirus
outbreak," the EU executive body said Monday.
In May, the General Court of the European Union issued a ruling
that reversed a previous approval for the financial bailout. The
court then said the European Commission failed to demonstrate that
previous aid of EUR7 billion granted to Air France-KLM's other
subsidiary Air France by the French state didn't also benefit
KLM.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
July 19, 2021 08:02 ET (12:02 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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