The Dutch government's acquisition of a 14 per cent stake in Air France-KLM has been criticised by the Netherlands' Court of Audit on Wednesday.
The European Commission has approved the French government's €7bn bailout of Air France-KLM to help it survive the COVID-19 pandemic.
The French government has tacked a number of environmental requirements to a multibillion-euro rescue package offered to the national carrier. Last week, Finance Minister Bruno Le Maire told the French Parliament that support for the airline would not come in the form of a “blank cheque”. Moreover, funding will be contingent on Air France’s willingness
The French government is willing to extend financial support to flag carrier Air France, amid the Covid-19 downturn.
Sir Richard Branson has backed out of a deal to sell a 31 per cent stake in Virgin Atlantic to Air France-KLM that was struck in 2017.
