Tuesday

2nd Jun 2020

Ticker

Air France-KLM seeks state-backed loans

Airline group Air France-KLM is in talks with banks to receive up to €6bn in loans, guaranteed by the French and Dutch governments, due to the coronavirus crisis, Reuters reported. The two states each own 14 percent of Air France-KLM. Air France could get around €4bn in French-guaranteed loans while KLM could receive around €2bn backed by The Hague. The group appointed BNP and Societe Generale to advise on refinancing.

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Feature

Beethoven vs Virus: How his birthplace Bonn is coping

Amid the Covid-19 pandemic, Bonn cancelled Beethoven: the much-anticipated 'Beethovenfest', as well as numerous concerts, exhibits and theatre performances were called off, some of the events were rescheduled for 2021.

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