Six billions for AF/KLM loan package is realistic

In Corporate
April 8, 2020
S

A loan of 6 billion euros to pilot airline Air France-KLM through the corona crisis is “realistic”. That said the French Secretary of State for Transport Jean-Baptiste Djebbari on the French news channel LCI.

Reuters news agency previously reported on the basis of insiders that the French-Dutch aviation combination is discussing emergency loans totaling EUR 6 billion. France and the Netherlands would like to guarantee that credit.

“You are talking about an amount that is not unrealistic, I can confirm,” said Djebbari when the French television channel asked him about that amount. He added that the French Ministry of Finance is still negotiating with the Netherlands for a support package for Air France-KLM.

By: Peretz M.

Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Read more

4 days ago

Rising costs and intense competition led BCC to bankruptcy

2 Min read
Add comment
22September

The administrators of BCC have filed for bankruptcy. Due to increasing costs and customer cutbacks, the curtain is now falling for the electronics retail chain. The administrators of BCC informed the employees on Thursday morning that they have applied for bankruptcy for the electronics retail chain. BCC had already been granted a suspension of payments last week, and bankruptcy often follows...

1 month ago

Ripple Vs. SEC: the saga isn’t over yet

3 Min read
Add comment
25August

In the ongoing legal saga between Ripple Labs and the US Securities and Exchange Commission (SEC), Judge Analisa Torres has made critical announcements regarding the upcoming trial dates and associated deadlines. Upcoming Deadlines for Ripple Vs. SEC In a filing on August 9th with the US District Court for the Southern District of New York, Judge Torres expressed her intention to proceed with a...

1 month ago

Philips sold over 12 percents to Agnelli family

4 Min read
Add comment
18August

Exor, the investment fund owned 53% by the Italian Agnelli family (Fiat), initially purchased nearly 3% of Philips, and last Sunday, through an investment bank, acquired over 12%. It’s a noteworthy transaction, particularly from Exor’s perspective. The deal itself was a swift move, as spokespeople from Philips and Exor have indicated: “On Sunday, Exor signed the agreement with...

2 months ago

Apple Reports Decline in iPhone, Mac, and iPad Sales

2 Min read
Add comment
04August

Apple sold fewer iPhones, Macs, and iPads in the last quarter, leading to a decline in the company’s total revenue for the third consecutive quarter. However, there was a bright spot for Apple in the sales of digital products, such as subscriptions to Apple Music and iCloud. Particularly disappointing was the iPhone sales, which were over 2 percent lower compared to the same quarter last...

By Nicholas de Kramer April 8, 2020
Add comment

Recent Posts

Categories

About us

EconomicInform, EconomicInform.com is a product of EconomicInform LLC. We sincerely believe that economics is one of the most interesting and most underappreciated – in terms of getting some enjoyment out of reading the subject articles – sciences. More on that - at the link. Feel free to drop us a line.