Reuters reveals key developments on airline bailouts amidst coronavirus

Reuters exclusively reported that?Air France-KLM is in talks with banks to receive up to 6 billion euros ($6.5 billion) in loans guaranteed by the French and Dutch governments, as the airline group braces for a sustained coronavirus shutdown. Governments around the world are scrambling to prop up airlines at risk of bankruptcy as the pandemic gathers pace, gutting travel demand and bringing traffic to a near-standstill. Reuters also revealed that Germany is in talks to provide Lufthansa with billions of euros in state aid and could take a stake in the airline, which has grounded 95% of its fleet due to the coronavirus pandemic.