Loan

KLM Royal Dutch Airlines completed the repayment of the last part of the loan it had agreed with the Dutch State and private banks in 2020. With the repayment of 277 million euros, the Netherlands’ largest airline finally returned the amount received as part of the aid package to cope with the complications unleashed by […]

German carrier Condor has been approved a €380 million Euros ($420 million) loan by the European Commission to be used for the carrier’s restructuring and pathway for economic viability, following the demise of its parent company Thomas Cook. The loan, provided by German state-owned bank KfW, is subject to the commission’s guidelines on rescue and […]

In a surprising announcement, Etihad Airways will loan out pilots to rival U.A.E. carrier, Emirates. The move was confirmed by officials from Emirates Airline as a way to stifle the airline’s ongoing pilot shortage. The unique pilot sharing program comes as both airlines continue to face their own unique struggles. Emirates has been faced with […]