Salem Radio Network News Thursday, August 18, 2022


Airline KLM repays last of Dutch government loans

AMSTERDAM (Reuters) – Dutch airline KLM has paid back the last part of loans granted by the Dutch government during the COVID-19 pandemic, it said on Thursday.

The Dutch arm of airline group Air France-KLM said it had paid back 277 million euros ($289.2 million) after earlier repayments totalling 665 milion euros.

The airline had been given 942 million euros in loans by the Dutch state in 2020 as the pandemic crippled international travel.

($1 = 0.9577 euros)

(Reporting by Bart Meijer; Editing by David Goodman)


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