The FINANCIAL — The European Commission has approved, under EU State aid rules, a €3.4 billion Dutch aid measure consisting of a State guarantee on loans and a subordinated State loan to KLM. As a result of the imposition of travel restrictions introduced by the Netherlands and by many destination countries to limit the spread of the coronavirus, KLM has suffered a significant reduction of its services, which resulted in high operating losses. When the deal was first announced, Ryanair boss Michael O’Leary has called on the European Union to block a rescue package for KLM just a day after he slammed the EU for approving…
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The FINANCIAL — The European Commission has approved, under EU State aid rules, a €3.4 billion Dutch aid measure consisting of a State guarantee on loans and a subordinated State loan to KLM. As a result of the imposition of travel restrictions introduced by the Netherlands and by many destination countries to limit the spread of…
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The FINANCIAL — The CEO of one of the world’s largest airlines Michael O’Leary, 58 is facing criticism after saying that terrorists “will generally be males of a Muslim persuasion.” O’Leary is known for his provocative remarks that keep Ryanair’s name in the headlines. In an interview with The Times, the businessman said that if…
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