Bailout

Dutch government freezes €3.4 billion aid to KLM

The government of Netherlands froze €3.4 billion-worth of financial aid to KLM Royal Dutch Airlines (KLM), after the trade unions of the airline refused to sign a five-year agreement related to stricter terms of pilot wage cuts....


Ailing SAA gets $650M government-backed funding

The government of South Africa kept its promises and provided South African Airways (SAA) 10.5 billion rand ($650 million) necessary to implement the airline‘s restructuring plan....