Air France-KLM executives have been in talks with the two states, each owns 14 percent of Air France-KLM, to discuss what form this state support could take, Rigail said. "The discussions are ongoing...The group has some 6 billion euros of cash, but we will need financial support soon," she added in an interview published on Monday, declining to comment further to the newspaper.
Air France-KLM was not immediately available for comment outside normal business hours.Air France-KLM is in talks with banks to receive up to 6 billion euros ($6.5 billion) in loans guaranteed by the French and Dutch governments, as the airline group braces for a sustained coronavirus shutdown, sources told Reuters last week.
Both airlines have slashed flights by more than 90 percent and reined in costs with the help of government-funded furloughs. Read more: ABS-CBN News »
France heading for worst recession since WWII – minister'It's an indication of the amplitude of the economic shock we're facing,' warns French Finance Minister Bruno Le Maire. coronavirus
France reports record toll of 833 new coronavirus deaths
568,000 Manila families to get P 1k eachAround 568,000 families in Manila will each receive P1,000 in cash assistance before Easter Sunday for the “purchase [of] much needed food and supplies for their survival.” | MegINQ MegINQ Mga tatlong buwang budget.. 👍👍 MegINQ yan ang TAMA, maliit na halaga pero maraming mapapaSAYA! bakit HINDI naisip ng presidente ang ganyang DISKARTE! ang sabi nya ay marami siyang PERA, NASAAN na! mga MAYOR tulungan nyo sya kasi HINDI nya na ALAM ang kanyang GINAGAWA! MAHIRAP tlaga kpag MAHINA ang PINUNO! 👎👎👎
[OPINION] I was trying to heal from trauma and grief – and then the pandemic happened'We are also mourning because our government is not capable of providing us with the most basic thing we need: the assurance that we will soon be okay.' Opinion COVID19PH You are not helping. I just wish the management and all employees' families stay fit and healthy and will not die because of COVID19. I am just an ordinary person from this country but I am not as idiot as you all are. This is not helping but worsen the situation.
UAE doubles stimulus to counter coronavirus impactThe United Arab Emirates' stimulus package is now at $70 billion. coronavirus
Manila gives cash aid to over 500,000 familiesOver 500,000 families in Manila will each receive a P1,000-cash assistance from the city government as part of an amelioration program during the enforcement of enhanced community quarantine measures to stave off the threats posed by the spread of the COVID-19 pandemic.