KLM gets 3.4 bn euro Dutch bailout
The Dutch government on Friday approved a 3.4-billion-euro ($3.8-billion) bailout to prop up KLM through the coronavirus pandemic.
Jun 26, 2020
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Page 3 - News tagged with loans
Business
Air France to cut 40% of domestic flights after bailout
Air France-KLM will slash 40 percent of its French domestic flights by next year in exchange for receiving seven billion euros ($7.7 billion) in emergency coronavirus funding backed by the French state, the company's chief ...
May 27, 2020
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Air France makes masks compulsory for passengers
French flag-carrier Air France on Monday announced that masks would be compulsory on its flights from next week as France emerges from its lockdown to combat the coronavirus outbreak.
May 4, 2020
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Boeing directors elected despite concerns by advisory firms
Boeing shareholders approved a slate of 12 company-backed nominees for the board on Monday despite recommendations from two proxy advisers against five directors, including the chairman, for what the advisers called poor ...
Apr 27, 2020
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Condor airline receives 550 mln euros in German state aid
Stricken airline Condor on Monday said it would receive 550 million euros ($596 million) in loans from the German government and the state of Hesse to keep it afloat during the coronavirus crisis.
Apr 27, 2020
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Airlines face uncertain future and need aid fast: IATA
Airlines have been mauled by COVID-19 and the industry has cried out for help from governments to survive a crisis that could cripple a key sector of the economy.
Apr 15, 2020
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FTC: Consumer finance website favored companies that paid
A personal finance website founded by former University of Delaware students has agreed to pay $350,000 to settle allegations that it posted fake reviews and steered users toward companies that paid the site, according to ...
Feb 5, 2020
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India offers ailing telecom firms two-year moratorium on payments
India has granted the country's beleaguered telecom giants a moratorium on spectrum payments until the end of March 2022, offering much-needed respite after the Supreme Court slapped a massive $13-billion bill on the companies.
Nov 21, 2019
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Loan
A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower.
In a loan, the borrower initially receives or borrows an amount of money, called the principal, from the lender, and is obligated to pay back or repay an equal amount of money to the lender at a later time. Typically, the money is paid back in regular installments, or partial repayments; in an annuity, each installment is the same amount.
The loan is generally provided at a cost, referred to as interest on the debt, which provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice any material object might be lent.
Acting as a provider of loans is one of the principal tasks for financial institutions. For other institutions, issuing of debt contracts such as bonds is a typical source of funding.
This text uses material from Wikipedia, licensed under CC BY-SA
