April 24, 2020 / 7:35 PM / a month ago

KLM to receive up to four billion euros in financial aid - finance minister

FILE PHOTO: KLM airline airplanes are seen parked, as Schiphol Airport reduces its flights due to the coronavirus disease (COVID-19) outbreak, in Amsterdam, Netherlands April 2, 2020. REUTERS/Piroschka van de Wouw

AMSTERDAM (Reuters) - KLM, the Dutch subsidiary of Air France KLM (AIRF.PA), will receive 2-4 billion euros (up to (3.49 billion pounds) in emergency aid to help it through the COVID-19 crisis, Dutch Finance Minister Wopke Hoekstra said on Friday.

The details are still being worked out, he said, but will likely comprise a combination of bank loans and state guarantees, he said.

Reporting by Anthony Deutsch; Editing by Sandra Maler

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