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Air France / KLM "merger"gets go-ahead



 
 
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  #1  
Old February 11th, 2004, 09:46 PM
Sjoerd
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Default 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.


  #2  
Old February 11th, 2004, 09:51 PM
PTRAVEL
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Posts: n/a
Default 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.




  #3  
Old February 11th, 2004, 09:58 PM
Sjoerd
external usenet poster
 
Posts: n/a
Default 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


  #4  
Old February 11th, 2004, 10:06 PM
external usenet poster
 
Posts: n/a
Default 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  
Old February 11th, 2004, 10:06 PM
PTRAVEL
external usenet poster
 
Posts: n/a
Default 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  
Old February 11th, 2004, 10:39 PM
PTRAVEL
external usenet poster
 
Posts: n/a
Default 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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