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The Independent UK

National

Via AP news wire

KLM pays back last of Dutch government pandemic loans

KLM Pandemic Pieter Elbers

AP2008

Dutch flag carrier KLM announced Thursday it is repaying the last portion of loans it got from from the Netherlands government and banks to help it survive when the COVID-19 pandemic threw global aviation into a tailspin.

The carrier is paying back 277 million euros ($290 million) to the government, the last outstanding loan out of a total of 942 million euros. KLM earlier this year paid back the rest of the loans to banks.

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