31-10-2020 20:04 via kvoa.com

Dutch government halts KLM bailout amid standoff over terms

THE HAGUE, Netherlands (AP) — The finance minister of the Netherlands says the government will halt its multibillion euro coronavirus bailout to national carrier KLM amid a standoff with a pilot’s union about terms of the rescue package. The dispute, if not resolved, could have dire consequences for KLM, which employs some 30,000 people. The company announced Friday that it recorded a loss of $273 million in the third quarter as a result of the aviation slump caused by the coronaviru
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