Netherlands shelves KLM bailout, Air France needs new equity

A EUR3.4 billion euro (USD4 billion) Dutch government bailout of KLM Royal Dutch Airlines (KL, Amsterdam Schiphol) has been suspended after its pilots rejected a freeze on their salaries until around 2025. The development came as Air France-KLM posted a EUR1.67 billion (USD1.96 billion) quarterly loss and Air France (AF, Paris CDG) CEO Anne Rigail warned that further recapitalisation would be necessary. The Dutch government had been ready to sign KLM’s bailout package, which included EUR1 billion (USD1.17...
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