KLM Royal Dutch Airlines today submitted its restructuring plan to the Netherlands Ministry of Finance. The presentation of this restructuring plan was a key condition in obtaining a government loan and guarantees to the value of €3.4 billion. The plan outlines how KLM intends to overcome the worst crisis in almost 101 years in operation, … Continue reading KLM submits restructuring plan to Ministry of Finance; job cuts, pay reductions and further cost-cutting