The Dutch Finance Minister announced a press conference to announce the details of an aid package agreed by France and the Netherlands to save Air France-KLM airline.
According to Reuters, the Dutch government will release about 3.4 billion euros ($ 3.8 billion) in the form of loans that are guaranteed and direct to KLM and appointed, according to Reuters. Representative on the Board of Directors.
The Aviation Group and the French Finance Ministry declined to comment.
However, the Dutch Finance Minister's office, Woeke Hoekstra, issued an invitation late Thursday to attend a press conference on Friday to announce the details of the KLM financial aid package, after Reuters reports of the agreement.
The two governments, which own 14 percent of Air France-KLM, revealed French aid of seven billion euros in April and between two and four billion. Planned by the Netherlands in light of the Corona virus, which almost completely stopped air travel.
But a parliamentary examination blocked the Dutch contribution as well as painstaking negotiations in which France rejected a Dutch request for a seat on the KLM Board of Directors, which would have weakened the group’s control of Its Dutch unit.
Instead, the new agreement will include the appointment of a government observer who does not have the right to vote, whose job is to ensure that Dutch taxpayer money is spent only on KL's operations, the sources said. M.
There are disagreements between the French and Dutch governments regarding management and strategy in Air France-KLM that arose in 2004 from the merger of the two national carriers of the two countries.
The differences reached their climax in March last year when the Dutch government suddenly acquired a stake in the group, in a move aimed at matching France’s possession and balancing its influence.
