About: http://data.cimple.eu/news-article/7d8333c9c8b36a97fb7e5f007dbb7357f1437cf562e176a256300ffc     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • Dutch Finance Minister Wopke Hoekstra said Wednesday the government was willing to discuss another cash injection for Air France-KLM should a multi-billion bailout fail to keep the troubled airline flying. Hoekstra's comments come as airline chief executive Benjamin Smith said this week that multi-billion euro packages for the French and Dutch national carriers would keep it in the air for less than a year. "We've always said, also to the Dutch parliament, that the first phase is about loans," said Hoekstra. "But the possibility also exists that a real capital injection, not loans, may be needed to ensure the company's existence and survival," Hoekstra told the NOS public broadcaster. Airlines faced steep drops in revenue as countries imposed lockdowns earlier this year to stem the spread of the coronavirus pandemic. Several airlines have already gone under. A number of countries stepped in with support, including France which provided 7.0 billion euros ($8.2 billion) to Air France and the Dutch government which provided a 1.0 billion euro loan and 11 banks a further 2.4 billion euros to KLM. The top Dutch finance official however cautioned that any cash injection would come with conditions and "if, and under what conditions will be discussed within the coming weeks and months." Smith on Monday said discussions were already underway with shareholders on shoring up the airline group, and steps would be taken before the next regular annual meeting in the second quarter of next year. The airline group had 14.2 billion euros in cash or available under credit lines. Major shareholders include the French government with a 14.3 percent stake, the Dutch government at 14 percent, and Delta and China Eastern airlines which each hold an 8.0 percent stake. jhe/wai
schema:headline
  • Dutch say Air France-KLM cash boost might be needed
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software