Notice: Trying to get property 'child' of non-object in /home/sxmislan/public_html/wp-content/themes/jnews/class/ContentTag.php on line 45

Notice: Trying to get property 'child' of non-object in /home/sxmislan/public_html/wp-content/themes/jnews/class/ContentTag.php on line 45

Notice: Trying to get property 'child' of non-object in /home/sxmislan/public_html/wp-content/themes/jnews/class/ContentTag.php on line 25
  • Latest
  • Trending
  • All
  • Island Politics
  • ISLAND NEWS
Dutch agree €3.4bn loan and guarantee bailout with KLM

Dutch agree €3.4bn loan and guarantee bailout with KLM

June 26, 2020
16 confirmed COVID-19 cases today

16 confirmed COVID-19 cases today

January 23, 2021
Island Politics
APS Strategic Agenda will be presented on June 28th at seminar: APS into the future

APS files permit request to restore and develop Mary’s Fancy

January 22, 2021
Man arrested for violation of the BES Opium Act

Man arrested for violation of the BES Opium Act

January 22, 2021
Committee of Parlatino Matters to meet, on election of chairperson and the way forward for participation in Parlatino

El Parlamento de Sint Maarten cerró sus puertas con efecto inmediato

January 22, 2021
Royal Caribbean Group Enters Definitive Agreement to Sell its Azamara Brand to Sycamore Partners

Royal Caribbean Group Enters Definitive Agreement to Sell its Azamara Brand to Sycamore Partners

January 22, 2021
…A SMALL CRAFT ADVISORY REMAINS IN EFFECT   FOR ST. MAARTEN UNTIL FURTHER NOTICE…

Weather

January 22, 2021
Committee of Parlatino Matters to meet, on election of chairperson and the way forward for participation in Parlatino

The Parliament of Sint Maarten closed effective immediately

January 22, 2021
SCDF rolls out extensive health and safety measures

SCDF implementa amplias medidas de salud y seguridad

January 22, 2021
The Maho Group Offers Regular Rapid Antigen Testing for Staff as of January 20, 2021

El Grupo Maho ofrece pruebas rápidas periódicas de antígenos para el personal

January 22, 2021
Police looking for information about a Safe found in Simpson Bay Lagoon

La policía busca información sobre una caja fuerte encontrada en la laguna de Simpson Bay

January 22, 2021
Detectives investigate ill-treatment with a weapon

Dos arrestados por ataque con cuchillo que tuvo lugar en Van Romondt Steeg

January 22, 2021
SCDF rolls out extensive health and safety measures

SCDF rolls out extensive health and safety measures

January 22, 2021
  • About
  • Advertise
  • Contact us
Saturday, January 23, 2021
  • Login
  • Home
  • ISLAND TIMES
    • All
    • Crime
    • Notices
    • Opinions
    APS Strategic Agenda will be presented on June 28th at seminar: APS into the future

    APS files permit request to restore and develop Mary’s Fancy

    Committee of Parlatino Matters to meet, on election of chairperson and the way forward for participation in Parlatino

    El Parlamento de Sint Maarten cerró sus puertas con efecto inmediato

    SCDF rolls out extensive health and safety measures

    SCDF rolls out extensive health and safety measures

    Prime Minister Silveria Jacobs updates Parliament on 3rd tranche of liquidity support agreements with BZK

    Prime Minister Silveria Jacobs presents legislative amendments to Parliament on cost cutting measures

    The Maho Group Offers Regular Rapid Antigen Testing for Staff as of January 20, 2021

    The Maho Group Offers Regular Rapid Antigen Testing for Staff as of January 20, 2021

    Police looking for information about a Safe found in Simpson Bay Lagoon

    Police looking for information about a Safe found in Simpson Bay Lagoon

    Detectives investigate ill-treatment with a weapon

    Two arrested for knife attack on the Van Romondt Steeg that took place on December 15th 2020

    PMIA 19th Annual Lionel Bernard Scott Lecture Series Program on Thursday, January 28th, 2021

    PMIA 19th Annual Lionel Bernard Scott Lecture Series Program on Thursday, January 28th, 2021

    SCDF: ‘We are not fighting to wukup, we are fighting to work’​

    SCDF: ‘We are not fighting to wukup, we are fighting to work’​

    SZV is going cardless. Employees can request a MySZV account via www.szv.sx.

    SZV is going cardless. Employees can request a MySZV account via www.szv.sx.

    Trending Tags

    • Donald Trump
    • Future of News
    • Climate Change
    • Market Stories
    • Election Results
    • Flat Earth
  • Island Politics
  • ISLAND WEATHER
    …A SMALL CRAFT ADVISORY REMAINS IN EFFECT   FOR ST. MAARTEN UNTIL FURTHER NOTICE…

    Weather

    Weather

    Weather

    Weather

    Weather

    Weather

    Weather

    Weather

    Weather

    Weather

    Weather

    Weather

    Weather

    A SMALL CRAFT ADVISORY IS IN EFFECT FOR ST. MAARTEN UNTIL

    Weather

    Weather

    Weather

    Weather

    WEATHER

    Trending Tags

    • Flat Earth
    • Sillicon Valley
    • Mr. Robot
    • MotoGP 2017
    • Golden Globes
    • Future of News
  • ISLAND NEWS
    • All
    • Business & Sports
    • Entertainment
    • Health
    16 confirmed COVID-19 cases today

    16 confirmed COVID-19 cases today

    Man arrested for violation of the BES Opium Act

    Man arrested for violation of the BES Opium Act

    Royal Caribbean Group Enters Definitive Agreement to Sell its Azamara Brand to Sycamore Partners

    Royal Caribbean Group Enters Definitive Agreement to Sell its Azamara Brand to Sycamore Partners

    12 COVID-19 recoveries today

    12 COVID-19 recoveries today

    Dominican Republic: Abinader will build a new cruise terminal in Samaná

    Dominican Republic: Abinader will build a new cruise terminal in Samaná

    This is how the Travel Pass, the IATA health passport, will work

    This is how the Travel Pass, the IATA health passport, will work

    KLM may ground all intercontinental flights due to new restrictions

    KLM may ground all intercontinental flights due to new restrictions

    26 confirmed COVID-19 cases today

    26 confirmed COVID-19 cases today

    Hemp plants found at home

    Hemp plants found at home

    Dominican Republic Senate approves additional virus vaccine purchases

    Dominican Republic Senate approves additional virus vaccine purchases

  • ISLAND SPORTS
    This West Indies Cricketer Is COVID-19 Positive

    This West Indies Cricketer Is COVID-19 Positive

    Santiago’s Águilas take Dominican baseball crown

    Santiago’s Águilas take Dominican baseball crown

    Caribbean Roots Soccer Star Named MVP In Sport

    Caribbean Roots Soccer Star Named MVP In Sport

    West Indies depart for Bangladesh tour

    West Indies depart for Bangladesh tour

    This Caribbean National Has Won A Miss Olympia Title

    This Caribbean National Has Won A Miss Olympia Title

    West Indies “A” lose by an innings and 143 runs

    West Indies “A” lose by an innings and 143 runs

    December 3rd Marked: International Day of Persons with Disabilities “A day for all”

    December 3rd Marked: International Day of Persons with Disabilities “A day for all”

    Material on site for new track at the National Stadium – Grange

    Material on site for new track at the National Stadium – Grange

    Captain Stafanie Taylor’s T20 Landmark Overshadowed by Second Defeat

    Captain Stafanie Taylor’s T20 Landmark Overshadowed by Second Defeat

    West Indies Women to sport Black Lives Matter logo on playing jersey

    West Indies Women to sport Black Lives Matter logo on playing jersey

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Contact us
No Result
View All Result
SXM IslandTime
Advertisement
  • Home
  • ISLAND TIMES
    • All
    • Crime
    • Notices
    • Opinions
    APS Strategic Agenda will be presented on June 28th at seminar: APS into the future

    APS files permit request to restore and develop Mary’s Fancy

    Committee of Parlatino Matters to meet, on election of chairperson and the way forward for participation in Parlatino

    El Parlamento de Sint Maarten cerró sus puertas con efecto inmediato

    SCDF rolls out extensive health and safety measures

    SCDF rolls out extensive health and safety measures

    Prime Minister Silveria Jacobs updates Parliament on 3rd tranche of liquidity support agreements with BZK

    Prime Minister Silveria Jacobs presents legislative amendments to Parliament on cost cutting measures

    The Maho Group Offers Regular Rapid Antigen Testing for Staff as of January 20, 2021

    The Maho Group Offers Regular Rapid Antigen Testing for Staff as of January 20, 2021

    Police looking for information about a Safe found in Simpson Bay Lagoon

    Police looking for information about a Safe found in Simpson Bay Lagoon

    Detectives investigate ill-treatment with a weapon

    Two arrested for knife attack on the Van Romondt Steeg that took place on December 15th 2020

    PMIA 19th Annual Lionel Bernard Scott Lecture Series Program on Thursday, January 28th, 2021

    PMIA 19th Annual Lionel Bernard Scott Lecture Series Program on Thursday, January 28th, 2021

    SCDF: ‘We are not fighting to wukup, we are fighting to work’​

    SCDF: ‘We are not fighting to wukup, we are fighting to work’​

    SZV is going cardless. Employees can request a MySZV account via www.szv.sx.

    SZV is going cardless. Employees can request a MySZV account via www.szv.sx.

    Trending Tags

    • Donald Trump
    • Future of News
    • Climate Change
    • Market Stories
    • Election Results
    • Flat Earth
  • Island Politics
  • ISLAND WEATHER
    …A SMALL CRAFT ADVISORY REMAINS IN EFFECT   FOR ST. MAARTEN UNTIL FURTHER NOTICE…

    Weather

    Weather

    Weather

    Weather

    Weather

    Weather

    Weather

    Weather

    Weather

    Weather

    Weather

    Weather

    Weather

    A SMALL CRAFT ADVISORY IS IN EFFECT FOR ST. MAARTEN UNTIL

    Weather

    Weather

    Weather

    Weather

    WEATHER

    Trending Tags

    • Flat Earth
    • Sillicon Valley
    • Mr. Robot
    • MotoGP 2017
    • Golden Globes
    • Future of News
  • ISLAND NEWS
    • All
    • Business & Sports
    • Entertainment
    • Health
    16 confirmed COVID-19 cases today

    16 confirmed COVID-19 cases today

    Man arrested for violation of the BES Opium Act

    Man arrested for violation of the BES Opium Act

    Royal Caribbean Group Enters Definitive Agreement to Sell its Azamara Brand to Sycamore Partners

    Royal Caribbean Group Enters Definitive Agreement to Sell its Azamara Brand to Sycamore Partners

    12 COVID-19 recoveries today

    12 COVID-19 recoveries today

    Dominican Republic: Abinader will build a new cruise terminal in Samaná

    Dominican Republic: Abinader will build a new cruise terminal in Samaná

    This is how the Travel Pass, the IATA health passport, will work

    This is how the Travel Pass, the IATA health passport, will work

    KLM may ground all intercontinental flights due to new restrictions

    KLM may ground all intercontinental flights due to new restrictions

    26 confirmed COVID-19 cases today

    26 confirmed COVID-19 cases today

    Hemp plants found at home

    Hemp plants found at home

    Dominican Republic Senate approves additional virus vaccine purchases

    Dominican Republic Senate approves additional virus vaccine purchases

  • ISLAND SPORTS
    This West Indies Cricketer Is COVID-19 Positive

    This West Indies Cricketer Is COVID-19 Positive

    Santiago’s Águilas take Dominican baseball crown

    Santiago’s Águilas take Dominican baseball crown

    Caribbean Roots Soccer Star Named MVP In Sport

    Caribbean Roots Soccer Star Named MVP In Sport

    West Indies depart for Bangladesh tour

    West Indies depart for Bangladesh tour

    This Caribbean National Has Won A Miss Olympia Title

    This Caribbean National Has Won A Miss Olympia Title

    West Indies “A” lose by an innings and 143 runs

    West Indies “A” lose by an innings and 143 runs

    December 3rd Marked: International Day of Persons with Disabilities “A day for all”

    December 3rd Marked: International Day of Persons with Disabilities “A day for all”

    Material on site for new track at the National Stadium – Grange

    Material on site for new track at the National Stadium – Grange

    Captain Stafanie Taylor’s T20 Landmark Overshadowed by Second Defeat

    Captain Stafanie Taylor’s T20 Landmark Overshadowed by Second Defeat

    West Indies Women to sport Black Lives Matter logo on playing jersey

    West Indies Women to sport Black Lives Matter logo on playing jersey

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Contact us
No Result
View All Result
SXM IslandTime
No Result
View All Result
Home ISLAND NEWS Business & Sports

Dutch agree €3.4bn loan and guarantee bailout with KLM

by The Admin
June 26, 2020
in Business & Sports
0
Dutch agree €3.4bn loan and guarantee bailout with KLM

DEN HAAG - Minister Wopke Hoekstra van Financien (CDA) en Minister Cora van Nieuwenhuizen van Infrastructuur en Waterstaat (VVD) tijdens een persconferentie op het ministerie van Veiligheid en Justitie over het reddingspakket voor Air France-KLM. Het kabinet steunt KLM voor een bedrag van 3,4 miljard euro. De steun bestaat uit een garantiestelling voor bankleningen van maximaal 2,4 miljard euro en een directe lening door de staat van maximaal 1 m

NL – Ministers and KLM have reached agreement on a €3.4bm package up to 2025 to help the Dutch flag carrier through the coronavirus crisis, finance minister Wopke Hoekstra confirmed on Friday. The financial support is made up of a €1bn loan and €2.4bn in guarantees for commercial loans, which KLM has already agreed with banks.

The impact of coronavirus on the aviation sector is much more serious than had been originally thought and more support cannot be ruled out, Hoekstra said. A KLM collapse would have a major impact on the role of Schiphol ,and jobs in all sorts of sectors, as well as on companies deciding to base their operations in the Netherlands, he said.

RelatedPosts

Royal Caribbean Group Enters Definitive Agreement to Sell its Azamara Brand to Sycamore Partners

Royal Caribbean Group Enters Definitive Agreement to Sell its Azamara Brand to Sycamore Partners

January 22, 2021
KLM may ground all intercontinental flights due to new restrictions

KLM may ground all intercontinental flights due to new restrictions

January 21, 2021
Belair Beach Hotel receives SafeSeal recognition

Belair Beach Hotel receives SafeSeal recognition

January 19, 2021

‘Therefore it would damage our open and export-driven economy,’ Hoekstra said. The cabinet said on April 24 that it would come up with a package worth up to €4bn to bail out KLM which has seen passenger numbers plummet to virtually zero as countries around the world went into lockdown or closed their borders.

The package is not without conditions. The cabinet has agreed that parent company Air France-KLM and both subsidiaries should cut costs – by 15% in KLM’s case. Staff earning three times average salaries will be asked to take a 20% pay cut while those on lower incomes will also be asked to accept lower pay. No dividends or bonuses will be paid until the loans are repaid and the number of night flights will be cut from 32,000 to 25,000. KLM must also make an ‘active contribution’ by agreeing to cut CO2 emissions per passenger kilometer by 50% in 2030, when compared with 2005.

The cabinet has appointed a ‘state agent’ to make sure that the terms of the deal are complied with and that the money is properly spent. The French government agreed a €7bn package with Air France earlier. The Dutch and French states both have a 14% stake in the Air France-KLM partnership. Not everybody is happy with the bail out. Environmental organisations including Greenpeace and Friends of the Earth said in a joint response that they had hoped any state support would be used to get the airlines ‘on the right path’ towards reducing damaging gas emissions and pollution.

The Admin

Related Posts

Royal Caribbean Group Enters Definitive Agreement to Sell its Azamara Brand to Sycamore Partners

Royal Caribbean Group Enters Definitive Agreement to Sell its Azamara Brand to Sycamore Partners

by The Admin
January 22, 2021
0

MIAMI, Jan. 19, 2021 /PRNewswire-HISPANIC PR WIRE/ — Royal Caribbean Group (NYSE: RCL) today announced it has entered into a...

KLM may ground all intercontinental flights due to new restrictions

KLM may ground all intercontinental flights due to new restrictions

by The Admin
January 21, 2021
0

NL - The mandatory rapid Covid-19 tests for travelers from abroad means that KLM will likely stop operating long-haul flights...

Belair Beach Hotel receives SafeSeal recognition

Belair Beach Hotel receives SafeSeal recognition

by The Admin
January 19, 2021
0

BELAIR, Sint Maarten - On Friday December 18th 2020, Belair Beach Hotel received their Platinum SafeSeal recognition of best practices...

Central Bank: Progress on restructuring Ennia

Central Bank accuses Ansary of delaying court procedures

by The Admin
January 18, 2021
0

WILLEMSTAD - The so-called exhibition claim, whereby owner Hushang Ansary and the ex-directors of the insurance company Ennia want to...

  • Trending
  • Comments
  • Latest
Two additional Ministers sworn in on Thursday.

NO, to unconditional proposal !

May 23, 2020
Sint Maarten plunged into mourning

Sint Maarten plunged into mourning

April 17, 2020
Gun men invades home in Sucker Garden

Gun men invades home in Sucker Garden

June 15, 2019
16 confirmed COVID-19 cases today

16 confirmed COVID-19 cases today

0
Update on IPKO in Aruba

Update on IPKO in Aruba

0
Leona Marlin-Romeo’s first national address as Prime Minister

Leona Marlin-Romeo’s first national address as Prime Minister

0
16 confirmed COVID-19 cases today

16 confirmed COVID-19 cases today

January 23, 2021
APS Strategic Agenda will be presented on June 28th at seminar: APS into the future

APS files permit request to restore and develop Mary’s Fancy

January 22, 2021
Man arrested for violation of the BES Opium Act

Man arrested for violation of the BES Opium Act

January 22, 2021
  • About
  • Advertise
  • Contact us

Copyright © 2019 SXMIslandTime.com.

No Result
View All Result
  • Home
  • ISLAND TIMES
    • Opinions
    • Notices
    • Crime
  • ISLAND NEWS
    • Island Politics
    • Entertainment
    • Business & Sports
  • ISLAND WEATHER
  • ISLAND SPORTS

Copyright © 2019 SXMIslandTime.com.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In