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Air France / KLM "merger"gets go-ahead
http://news.bbc.co.uk/2/hi/business/3480173.stm
The planned merger between Air France and KLM has been given the go-ahead by the European Commission. Creating the world's largest airline, the two flag carriers first announced the coming together back in September. The Commission has now approved the merger, but only after Air France and KLM agreed to surrender 94 take-off and landing slots per day to their rivals. In 2002-2003 the combined turnover of the two airlines was some 19.17bn euros ($24.5bn; £13bn). French dominance "The outcome of this case shows that the long-awaited consolidation of the European airline sector can be done in full respect of the competition rules," said EU competition commissioner Mario Monti. He added: "The merger between KLM and Air France will provide air passengers with a greater choice of destinations and services, without having to pay a higher price on those routes where their presence is the strongest." Passengers are however unlikely to notice much difference as KLM and Air France will continue as separate operating companies with their own brand identities. KLM and Air France will be placed under a new common holding company, after a share swap agreement that values the Dutch company at 784m euros and leaves Air France as the dominant partner. |
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Air France / KLM "merger"gets go-ahead
Well, this is interesting (and, for a change, on topic for RTA). I wonder
what will happen to the big alliances? KLM partners with Northwest which, in turn, partners with CO. As best as I can tell, Air France wasn't part of Star Alliance or OneWorld. The merger may give the CO/Northwest programs similar breadth. "Sjoerd" wrote in message ... http://news.bbc.co.uk/2/hi/business/3480173.stm The planned merger between Air France and KLM has been given the go-ahead by the European Commission. Creating the world's largest airline, the two flag carriers first announced the coming together back in September. The Commission has now approved the merger, but only after Air France and KLM agreed to surrender 94 take-off and landing slots per day to their rivals. In 2002-2003 the combined turnover of the two airlines was some 19.17bn euros ($24.5bn; £13bn). French dominance "The outcome of this case shows that the long-awaited consolidation of the European airline sector can be done in full respect of the competition rules," said EU competition commissioner Mario Monti. He added: "The merger between KLM and Air France will provide air passengers with a greater choice of destinations and services, without having to pay a higher price on those routes where their presence is the strongest." Passengers are however unlikely to notice much difference as KLM and Air France will continue as separate operating companies with their own brand identities. KLM and Air France will be placed under a new common holding company, after a share swap agreement that values the Dutch company at 784m euros and leaves Air France as the dominant partner. |
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Air France / KLM "merger"gets go-ahead
"PTRAVEL" schreef in bericht ... Well, this is interesting (and, for a change, on topic for RTA). I wonder what will happen to the big alliances? KLM partners with Northwest which, in turn, partners with CO. As best as I can tell, Air France wasn't part of Star Alliance or OneWorld. Air France is a member of SkyTeam (with Delta/Korean/CSA/Alitalia/AeroMexico). Perhaps with KLM, Northwest, Continental and their partners (for instance Malaysian, Kenya Airways) they can develop SkyTeam into an alliance as strong as the other two. Sjoerd |
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Air France / KLM "merger"gets go-ahead
There's no doubt. CO has already announced that it will join Skyteam
by the end of the second quarter. On Wed, 11 Feb 2004 12:51:22 -0800, "PTRAVEL" wrote: Well, this is interesting (and, for a change, on topic for RTA). I wonder what will happen to the big alliances? KLM partners with Northwest which, in turn, partners with CO. As best as I can tell, Air France wasn't part of Star Alliance or OneWorld. The merger may give the CO/Northwest programs similar breadth. "Sjoerd" wrote in message ... http://news.bbc.co.uk/2/hi/business/3480173.stm The planned merger between Air France and KLM has been given the go-ahead by the European Commission. Creating the world's largest airline, the two flag carriers first announced the coming together back in September. The Commission has now approved the merger, but only after Air France and KLM agreed to surrender 94 take-off and landing slots per day to their rivals. In 2002-2003 the combined turnover of the two airlines was some 19.17bn euros ($24.5bn; £13bn). French dominance "The outcome of this case shows that the long-awaited consolidation of the European airline sector can be done in full respect of the competition rules," said EU competition commissioner Mario Monti. He added: "The merger between KLM and Air France will provide air passengers with a greater choice of destinations and services, without having to pay a higher price on those routes where their presence is the strongest." Passengers are however unlikely to notice much difference as KLM and Air France will continue as separate operating companies with their own brand identities. KLM and Air France will be placed under a new common holding company, after a share swap agreement that values the Dutch company at 784m euros and leaves Air France as the dominant partner. |
#5
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Air France / KLM "merger"gets go-ahead
"Sjoerd" wrote in message ... "PTRAVEL" schreef in bericht ... Well, this is interesting (and, for a change, on topic for RTA). I wonder what will happen to the big alliances? KLM partners with Northwest which, in turn, partners with CO. As best as I can tell, Air France wasn't part of Star Alliance or OneWorld. Air France is a member of SkyTeam (with Delta/Korean/CSA/Alitalia/AeroMexico). Perhaps with KLM, Northwest, Continental and their partners (for instance Malaysian, Kenya Airways) they can develop SkyTeam into an alliance as strong as the other two. Sjoerd Hmmm. Delta and Alitalia already partner with CO. This could get interesting. |
#6
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Air France / KLM "merger"gets go-ahead
wrote in message ... There's no doubt. CO has already announced that it will join Skyteam by the end of the second quarter. Ah, well that's excellent news for me and other CO FFs. On Wed, 11 Feb 2004 12:51:22 -0800, "PTRAVEL" wrote: Well, this is interesting (and, for a change, on topic for RTA). I wonder what will happen to the big alliances? KLM partners with Northwest which, in turn, partners with CO. As best as I can tell, Air France wasn't part of Star Alliance or OneWorld. The merger may give the CO/Northwest programs similar breadth. "Sjoerd" wrote in message ... http://news.bbc.co.uk/2/hi/business/3480173.stm The planned merger between Air France and KLM has been given the go-ahead by the European Commission. Creating the world's largest airline, the two flag carriers first announced the coming together back in September. The Commission has now approved the merger, but only after Air France and KLM agreed to surrender 94 take-off and landing slots per day to their rivals. In 2002-2003 the combined turnover of the two airlines was some 19.17bn euros ($24.5bn; £13bn). French dominance "The outcome of this case shows that the long-awaited consolidation of the European airline sector can be done in full respect of the competition rules," said EU competition commissioner Mario Monti. He added: "The merger between KLM and Air France will provide air passengers with a greater choice of destinations and services, without having to pay a higher price on those routes where their presence is the strongest." Passengers are however unlikely to notice much difference as KLM and Air France will continue as separate operating companies with their own brand identities. KLM and Air France will be placed under a new common holding company, after a share swap agreement that values the Dutch company at 784m euros and leaves Air France as the dominant partner. |
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