The FINANCIAL — KLM is in the midst of the worst crisis in its 101-year history, with the COVID-19 pandemic eroding its strong performance of recent years. The EUR 3.4 billion loan package, consisting of a government loan and guarantees on bank
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The FINANCIAL — Virgin Atlantic has introduced Virgin Atlantic COVID-19 cover, which is a complimentary COVID-19 global insurance cover for all bookings, including all existing and new ones, travelling from 24 August 2020 up until 31 March 2021. The policy is designed to
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The FINANCIAL — The European Commission has approved, under EU State aid rules, a €3.4 billion Dutch aid measure consisting of a State guarantee on loans and a subordinated State loan to KLM. As a result of the imposition of travel restrictions introduced
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