KLM CEO Pieter Elbers says the ailing airline is doing its "best" to present a recovery plan before 1 October.

This is what the president-director stated in an interview with

Het Financieele Dagblad on



At the end of June, the cabinet announced that it would offer KLM state aid worth 3.4 billion euros.

In return, the airline must draw up a recovery plan.

Minister Wopke Hoekstra of Finance has set this as an important condition for the loan package.

For some time now, KLM has been negotiating with eight unions about issues such as collective labor agreements and cutbacks.

Some of these talks, such as with the FNV trade union, are rather difficult.

If there is no recovery plan before the deadline of 1 October, it is still highly uncertain whether KLM will receive a billion-dollar loan.

The largest Dutch airline announced this summer that it will cut a total of 4,500 to 5,000 jobs as a result of the corona crisis.