AMSTERDAM/PARIS - The Dutch finance minister said on Thursday the government will hold a news conference on Friday to release details of an aid package agreed by France and the Netherlands on his country’s contribution to bail out Air France-KLM .
Air France late Thursday published a statement on its website confirming the 3.4 billion euro figure and saying the money would be used to help KLM “weather the crisis and prepare for the future.”But Dutch finance minister Wopke Hoekstra’s office issued an invitation late on Thursday to a press conference on Friday “to detail the financial aid package for KLM” after Reuters reported the agreement.
Instead, the agreement would involve the appointment of a non-voting government trustee to ensure that Dutch taxpayers’ bailout money is strictly reserved for KLM operations, the sources said. Prior to the pandemic, a specially convened intergovernmental group had reported no progress on issues that included Dutch demands for board seats and greater KLM autonomy from its parent group.
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They will regret that.
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