The European Commission approved, on Monday 13 July, a €3.4 billion Dutch aid measure consisting of a State guarantee on loans and a subordinated State loan for the KLM airline.
Objective: to provide urgent liquidity to the company in the context of the Covid-19 pandemic. The measures were authorised under the State Aid Temporary Framework adopted by the Commission on 19 March 2020.
Margrethe Vestager, Executive Vice President for Competition Policy, said the Netherlands “imposed certain...