Air France-KLM in Talks on Multibillion-Euro State-Backed Loan Package

Air France-KLM in Talks on Multibillion-Euro State-Backed Loan Package
KLM airline airplanes are seen parked, as Schiphol Airport reduces its flights due to the CCP virus outbreak, in Amsterdam on April 2, 2020. Piroschka van de Wouw/File Photo/Reuters
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Air France-KLM is in talks with banks to receive up to 6 billion euros ($6.5 billion) in loans guaranteed by the French and Dutch governments, as the airline group braces for a sustained CCP virus shutdown, sources told Reuters.

The two states, which each own 14 percent of Air France-KLM, have paused a long-running boardroom feud to address the cash crunch, according to three people close to the discussions. But the crisis ultimately risks deepening their conflict, they said.