for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Dutch govt: no consequences after European court decision on KLM bailout

AMSTERDAM, May 19 (Reuters) - The Dutch government on Wednesday said it was “studying” a European court decision rejecting the 3.4 billion euro ($4.15 billion) coronvirus pandemic bailout package it had given KLM, the Dutch arm of Air France-KLM, but it would have no consequences for now.

The Luxembourg-based General Court said the European Commission had failed to adequately explain its reasons for having allowed the bailout but it will not have to be repaid the aid until the Commission has a chance to review the decision.

The Dutch finance minstry said it was “studying the decision and will inform Parliament”. (Reporting by Toby Sterling; editing by Jason Neely)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up