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

KLM sees 'no consequences' after EU court rejects bailout package

AMSTERDAM, May 19 (Reuters) - KLM, the Dutch arm of Air France, on Wednesday said it had noted a decision by a European court rejecting the 3.4 billion euro ($4.15 billion) bailout package from the Dutch government, citing a lack of reasoning by the European Commission.

However KLM said that for the moment the decision by the The Luxembourg-based General Court has “no consquences” for the company as the state aid will not have to be repaid until the European Commission’s competition authority has a chance to look at its decision. ($1 = 0.8187 euros) (Reporting by Toby Sterling, editing by Louise Heavens)

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