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- The Air France-KLM group is owned by shareholders, of which the French State is the largest, with a 28.6% stake, while the Dutch State currently holds 9.3%.
www.aerotime.aero/articles/30910-18-years-on-from-the-merger-of-air-france-and-klm18 years on from the merger of Air France and KLM - AeroTime
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Air France–KLM S.A., also known as Air France–KLM Group, is a French-Dutch multinational airline holding company with its headquarters in the rue du Cirque, Paris, France. [3] The group’s three major brands are Air France , KLM and Transavia .
The different ways of holding Air France-KLM shares. Bearer shares. In France and the Netherlands, holding shares in bearer form is the most common method: the purchase and day-to-day management is entrusted to the financial intermediary chosen by the shareholder.
- KLM – The World’S Oldest Airline
- Air France - A Merger of French Operators
- Merging in 2004
- Changing Ownership of The Group
- Survival Is Uncertain
The story of the merger starts, of course, with the formation of the two separate airlines. KLMwas the first to be established, and it claims to be the oldest airline in the world. This is true to a certain extent. It is the oldest still operating under the same name as when It was founded in 1919. It started international flights in May 1920, oper...
Air France can’t claim to be as old as KLM, but it is still one of the oldest airlines. It was formed in 1933 as a merger of five smaller French airlines (the oldest of these started in 1918). These were joined by two other airlines over the next 30 years to form this major airline. It was fully nationalized after the Second World War in 1945. Like...
The merger of Air France and KLM in 2004 created, at the time, Europe’s largest airline group. It was not an entirely surprising move. The merger would allow Air France and KLM to better compete against the International Consolidated Airlines Group (IAG) and the Lufthansa Group. These all operate under holding company models, where the holding comp...
As is this case with many airlines, ownership of Air France-KLM is not as simple as you might think. In 2004, the French government (previously a 54.4% owner of Air France) took a 44% share, but this since has been reduced to 14.3%. The Dutch government made a sudden move to match this in 2019, purchasing additional shares to take its stake to 14% ...
The merger has held together well for over 16 years. There have been a few issues, but not that serious, given the two very different companies and cultural styles. It has undoubtedly helped them perform better against the Lufthansa and IAG groups. Unfortunately, the future may not be so positive. The COVID-19 pandemic and resulting slowdown in avi...
- Senior Editor
The Air France-KLM Group completes acquisition of a non-controlling stake in the share capital of SAS AB. Extensive commercial cooperation to begin September 1, 2024
May 5, 2023 · And a few months later on May 5th, 2004, the Air France-KLM Group was officially founded in a €800 million ($882 million) deal and became the world's biggest airline regarding turnover. Since it's a union between the two flag carriers, the airline group is owned by shareholders. As of December 31st, 2022, the shareholding structure is as such:
- Journalist
May 4, 2022 · The Air France-KLM group is owned by shareholders, of which the French State is the largest, with a 28.6% stake, while the Dutch State currently holds 9.3%.
Jun 21, 2024 · This new airline became a subsidiary of the Air France-KLM Group and is 100% owned by Air France. In 2007, its first medium-haul flights to leisure destinations out of Paris-Orly took to the air. In 2008, the Group bought out Dutch cargo airline Martinair, which was already 50% owned by KLM, and in 2009, it acquired 25% of Alitalia's capital ...
