June 25, 2020 / 3:56 PM / 16 days ago

EXCLUSIVE-France, Netherlands close to deal on KLM bailout - sources

AMSTERDAM/PARIS, June 25 (Reuters) - France and the Netherlands are close to an agreement on a Dutch Air France-KLM bailout contribution, three sources with knowledge of the matter told Reuters on Thursday.

Under the deal, which could be announced as soon as Thursday evening or Friday morning, the Dutch government would unblock close to 4 billion euros ($4.5 billion) in guaranteed and direct loans to KLM and appoint a non-voting trustee to its board, the sources said.

An Air France-KLM spokeswoman was not immediately available for comment.

$1 = 0.8916 euros Reporting by Toby Sterling, Laurence Frost and Anthony Deutsch; Editing by Edmund Blair

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