The Netherlands will do "everything it takes" to keep Air France-KLM and Amsterdam's Schiphol airport operational, Dutch Finance Minister Wopke Hoekstra announced on Sunday. He stressed that the airline is "vital for the Dutch economy", but did not elaborate on the details of a possible bailout.
The news comes after the Dutch airline announced that it would slash up to 2,000 jobs, cut working hours for its staff, and ask for government support amid a fall in revenue due to the coronavirus pandemic.
In the meantime, Paris stated that it is not planning a capital injection for Air France-KLM to help the company survive the crisis.
At the moment, there are around 160,000 infected around the globe and almost 6,000 dead from the disease. The pandemic has caused massive alarm, as numerous countries (including the United States) have imposed travel bans on affected countries and 14-day long quarantines. The economic effects have also been considerable, as global stock markets have shown significant declines.
