Date
Timeline Description

The loan of $7 million to Koninklijke Luchtvaart Maatschappij N. V. (KLM) will finance the purchase of new aircraft.

Detail Description

Dutch airline KLM is the world’s oldest airline, established in 1919. This $7 million loan will finance part of a program for modernizing and increasing the capacity of KLM’s fleet of aircraft. It will involve the acquisition from suppliers in the United States of twenty-three aircraft, with the necessary spare parts.

Image Timeline
Memo from Michael L. Lejeune to A. S. G. Boar (1698022); a KLM Royal Dutch Airlines plane is unloaded (1726288; Credit: The World Bank).
Image Timeline Caption

Memo from Michael L. Lejeune to A. S. G. Boar (1698022); a KLM Royal Dutch Airlines plane is unloaded (1726288; Credit: The World Bank).

Resource
Title
KLM Royal Airlines Project
Description
P037458: Approved March 20, 1952
The profile contains project and financial information and lists of project documents and archival records.
Image
KLM Royal Airlines Project
Event
32
Title
Correspondence from the Minister of Transport and Waterstaat to the President-Director of KLM
Image
Correspondence from the Minister of Transport and Waterstaat to the President-Director of KLM
Description
Jan. 7, 1952
In this letter the Netherlands' Minister of Transport and Waterstaad approves of KLM contracting a loan in the amount of $7 million dollars from the World Bank (1698022).
Event
32
Title
Staff Loan Committee meeting minutes
Image
Staff Loan Committee meeting minutes
Description
Jan. 30, 1952
The committee approves documents and agrees on an interest rate of 4-1/8% for the proposed Bank loan to KLM (1698022).
Event
32
Title
Memo from Michael L. Lejeune to A. S. G. Boar
Image
Memo from Michael L. Lejeune to A. S. G. Boar
Description
Jan. 18, 1952
The memo reports that loan negotiations have progressed smoothly and provides a list of issues that arose over the course of discussions (1698022).
Event
32
Image
Schiphol Airport
Title
Schiphol Airport
Description
1949
Goods being unloaded from a KLM Royal Dutch Airlines freighter (1726288; Credit: The World Bank).
Event
32
Image
Unloading at Schiphol Airport
Title
Unloading at Schiphol Airport
Description
1949
A KLM Royal Dutch Airlines plane is unloaded (1726288; Credit: The World Bank).
Event
32
Title
Technical Report on the Royal Dutch Airlines Project
Image
Technical Report on the Royal Dutch Airlines Project
Description
Document date: Feb. 15, 1952
The memo offers the comments of engineering staff concerning the technical and business aspects of the project.
Event
32
Title
Interview with Aron Broches
Image
Interview with Aron Broches
Description
Interview date: Oct. 20, 1990
On page 28 of the transcript, Broches briefly refers to the airline loan.
Event
32
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