March 15, 2020 / 11:44 AM / 23 days ago

Netherlands will do "everything it takes" to keep KLM, airport running

THE HAGUE, March 15 (Reuters) - Dutch finance minister Wobke Hoekstra said Sunday that the Netherlands will do “everything it takes” to keep Air France-KLM and Amsterdam’s Schiphol airport operating.

Hoekstra would not give any details about a possible bail out but stressed that Air France-KLM was “vital for the Dutch economy” and said he was in close contact with his French colleagues and the Air France management.

Air France-KLM is facing falling revenues due to the impact of the coronavirus on its business. On Friday, KLM, the Dutch subsidiary of Air France-KLM, said it would slash up to 2,000 jobs and ask for government support as it cuts working hours by one-third across its entire staff. (Reporting by Stephanie van den Berg; Editing by Kirsten Donovan)

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