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EasyJet Receives £1.4 billion Five-Year Loan

EasyJet Receives £1.4 billion Five-Year Loan

easyJet announced a five-year loan facility, worth £1.4 billion ($1.91 billion), with banks underwriting it and UKEF partially guaranteeing it. Some describe it as a bailout, as it gives the airline valuable liquidity. And they are not the first UK airline to receive...
KLM Bailout At Risk Due to Rejected Wage Freeze

KLM Bailout At Risk Due to Rejected Wage Freeze

On Saturday the Netherlands government decided to freeze a planned bailout worth € 3.4 billion, as KLM pilots refuse a wage freeze until 2025. The pilots have already agreed a freeze to 2022 for previous bailouts. On Friday, KLM had called on its unions to agree to...