Climate conditions on airline government bailouts are rare—and the coronavirus likely won’t be an exception

Jun 26, 2020 - Fortune

The Dutch government on Friday said a multibillion-euro bailout for KLM, the country’s national carrier and one-half of the Air France–KLM group, will have green strings attached, in a bid to cut the emissions of a sector that has proved notoriously difficult to decarbonize. The 3.4 billion–euro ($3.8 billion) bailout will require cuts to dividends and jobs alongside a one-fifth reduction in evening flights, in part to encourage rail journeys, and a requirement to reduce emissions per pass...