Air France-KLM: EU approves aid from the Netherlands & France
The measures in question include guarantees on bank loans and state loans, designed to remedy the economic disruption caused by the COVID-19 pandemic.
In concrete terms, the French aid consists of a loan guarantee of €4 billion and a loan of €3 billion, while the Dutch aid includes a loan guarantee of €2.4 billion and a loan of €1 billion.
The Commission reassessed these measures as compliant with EU rules and the COVID temporary framework, underlining their necessity and proportionality and concluding that 'these measures were essential to manage the economic impact of the pandemic in France and the Netherlands'.
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