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Today, KLM announced that it has closed the remaining direct loan and credit facility, guaranteed up to 90% by the Dutch government. This means that the conditions governing the financial support package no longer apply.
KLM Royal Dutch Airlines will be repaying the final portion of €277 million of the loans secured from the Dutch government and the banks in 2020. KLM borrowed a total of €942 million from the credit facility of €3.4 billion.
Mar 15, 2023 · Air France-KLM has fully repaid the remaining €2.5 billion from its initial €4 billion Bank loan guaranteed by the French State, granted during the Covid-19 crisis.The Group’s solid cash...
Apr 18, 2023 · KLM had repaid €942 million of funding drawn in 2020 and says the new loan means it is closing, as of 17 April, the direct loan and credit facility guaranteed by the Dutch government....
Jun 30, 2022 · By the beginning of the year, it had completed two repayments. Increased demand for air travel, the cessation of mobility restrictions and greater efficiency in its cost structure made the repayment possible, KLM said. The company repaid the full 665 million euros from banks in three stages.
Aug 28, 2024 · This amount includes €800 million for settlement of the tranche maturing on May 6th, 2023, and €200 million of the tranche maturing on May 6th, 2024. In December 2021, Air France-KLM had made an early repayment of €500 million out of the initial outstanding €4 billion.
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Dec 13, 2021 · Air France-KLM has taken a first step in repaying the €4 billion ($4.5 billion) French state-backed bank loan it secured during the Covid crisis by redeeming €500 million of it.
