The Netherlands will do "everything it takes" to keep Air France-KLM and Amsterdam's Schiphol airport operating in the wake of the coronavirus epidemic, Dutch Finance Minister Wobke Hoekstra said on Sunday. Hoekstra's comments came after KLM, the Dutch arm of carrier Air France KLM, announced on Friday a package of emergency measures. The airline said it would cut up to 2,000 jobs, trim spending by as much as 400 million euros ($444 million) and scrap at least 40% of flights in coming months.

Hoekstra would not give any details about a possible bail out but stressed that Air France-KLM was "vital for the Dutch economy" and said he was in close contact with his French colleagues and the airline's management.

A French Finance Ministry official said on Saturday that the French government was not yet considering a capital injection for Air France-KLM to help it weather falling revenues.