Report: EU regulator to allow bailout of Franco-Dutch airline

PARIS - France, the Netherlands, and the European Commission are narrowing in on a deal to bailout Air France-KLM, according to French newspaper Le Monde.

The deal is to include giving up slots at the Paris-Orly and Amsterdam-Schiphol airports to competing carriers in return for permission for billions in state aid. The airline group posted a loss of €7.1 billion last year due to the collapse in air-travel caused by the pandemic.


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