KLM confirms it meets commitment clause for state funds

KLM has confirmed that all eight of its trade unions have now agreed to a commitment clause that all KLM employees would be making towards the airline’s cost-reduction efforts, clearing the way for the Dutch government to release the €3.4 billion loan package, consisting of a government loan and guarantees on bank loans until 2025. KLM stated that it is in the “midst of the worst crisis in its 101-year history” and that the loan package is “crucial to securing the future of the airline and its network for the Netherlands”. KLM notes that the ascent of all eight of