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In the News (Fri 17 Aug 18)

  
 Air France - Wikipedia, the free encyclopedia
Air France (Compagnie Nationale Air France) is a subsidiary of Air France-KLM.
On September 30, 2003, Air France and Netherlands-based KLM (Royal Dutch Airlines), announced the merging of the two airlines, the new company to be known as Air France-KLM.
Air France-KLM is the largest airline company in the world in terms of operating revenues, and the third-largest in the world (largest in Europe) in terms of passengers-kilometers.
en.wikipedia.org /wiki/Air_France   (1703 words)

  
 Air France-KLM - Wikipedia, the free encyclopedia
Air France-KLM was created by the mutually-agreed merger between Air France and Netherlands-based KLM on May 5, 2004.
On October 2005, Air France Cargo and KLM Cargo, the two freight subsidaries of the group, announced a merge of their commercial activities.
Air France-KLM is member of the Skyteam airline alliance.
en.wikipedia.org /wiki/Air_France-KLM   (551 words)

  
 Air France, Air France information
Air France (Compagnie Nationale Air France) is a subsidiary of Air France-KLM.
Air France is the proud winner of the short-haul business airline of the year award 2005.
Air France is one of the world's major airlines: Air France reservation, business class, schedule, timetable, magazine, hub, fleet, flight and air ticket.
www.franceuk.co.uk /AirFrance   (1829 words)

  
 EU starts review of Air France-KLM link - KLM Passenger Forum
KLM stock is currently trading at an 18-percent discount to Air France's all-share takeover offer, a large part of which reflects fears that the marriage could be tripped up by regulatory or other hurdles.
Air France and KLM are hoping that their merger will get the green light on Wednesday after they proposed remedies to get their deal cleared.
KLM said last month that it expected its takeover by Air France to receive regulatory clearance by mid-February and to be completed by April.
www.travel-mania.net /klmforum/showthread.php?threadid=174   (1556 words)

  
 SignOnSanDiego.com > News > Business -- Air France, KLM detail merger plans
PARIS – Air France and KLM Royal Dutch Airlines announced plans Wednesday to juggle their destination networks and integrate their frequent flyer programs as they merge to create the world's biggest airline group by sales.
KLM and its U.S. alliance partners Continental Airlines and Northwest Airlines will also join the Skyteam code-sharing group led by Air France and Delta Air Lines in mid-September.
Under the deal, KLM is to remain a subsidiary of Air France until September, when both airlines will become units of Air France-KLM.
www.signonsandiego.com /news/business/20040505-1413-airfrance-klm.html   (743 words)

  
 Air-France-KLM
Air France-KLM said its board will pay a 15 euro cents (19 cents) per share dividend at the next shareholder meeting, up from five euro cents (six cents) per share last fiscal year.
Air France's order for 10 Airbus A380s is part of the planned capacity increases - but a possible delay in the superjumbo program announced by Airbus has cast doubt on the timing of Air France's delivery.
Spinetta said Thursday that Air France has a "fixed, contractual rendezvous with Airbus" for delivery in time to begin A380 flights to Montreal and New York City in early 2007.
www.cp.org /english/online/full/travel/050519/u051902A.html   (680 words)

  
 Air France-KLM Merger Anticipated Business Deutsche Welle 17.09.2003
Air France and KLM may soon close a merger deal that could spark a wave of takeovers in the industry.
The well-sourced word in the media is that Air France will announce a major partnership with Dutch carrier KLM, and possibly a complete merger, this Friday.
The move would also bring KLM’s North American partners, Northwest and Continental, into the alliance with Air France and Delta Airlines.
www.dw-world.de /english/0,3367,1431_A_973388_1_A,00.html   (863 words)

  
 Aviation Daily STORY
Air France has given KLM assurances over the number of routes operated out of Amsterdam Schiphol Airport for the next five years and to the Dutch state about the status of the airport as an international hub for eight years.
Air France is going ahead with a takeover of Dutch rival KLM in a long-awaited but premium-priced EUR784 million (US$912.9 million) deal that both companies acknowledged could also expand eventually to include Alitalia.
Air France shares fell 4.3% in afternoon trading yesterday, while KLM shares rose 12.4%, reflecting investors' concerns about the transaction's true value for Air France and concerns about potential regulatory problems.
www.aviationnow.com /avnow/news/channel_aviationdaily_story.jsp?id=news/tak10013.xml   (569 words)

  
 Air France/KLM merger heralds further rationalisations and job cuts
Air France and KLM expect profits to increase by $450 million to $550 million after five years as a result of cost savings, rescheduling of routes and improved fleet utilisation.
Air France has announced that it is to merge with KLM, the Dutch airline.
Air France, 54 percent owned by the French government, will use its own shares to take over KLM, in effect paying $913 million to acquire 80 percent of the shares in KLM, the loss-making Dutch carrier.
www.wsws.org /articles/2003/oct2003/klm-o07.shtml   (1733 words)

  
 CBC News:Air France, KLM join forces
Air France shareholders will own 81 per cent of the new firm, while KLM shareholders will hold the rest.
PARIS - KLM Royal Dutch Airlines and Air France said Tuesday they are teaming up to form a powerhouse airline that will put it ahead of European competitors British Airways and Lufthansa.
Air France will be the dominant partner in the new company.
www.cbc.ca /stories/print/2003/09/30/airfranceklm_030930   (265 words)

  
 Scotsman.com Business - Air France & KLM merger
AIR France and KLM today shook hands on a deal to form what they claimed would be Europe's leading...
AIR France-KLM, the giant Franco-Dutch airline group, plunged into a loss in its fourth quarter, but still managed to salvage a full-year profit from cost savings carved out of the merger between the two carriers.
AIR France has opened its offer to buy Dutch airline KLM, in a bid to form the world's biggest...
business.scotsman.com /topics.cfm?tid=748   (375 words)

  
 USATODAY.com - Travel - News - Air France, KLM finalize landmark tie-up
PARIS — Air France and Dutch carrier KLM announced Thursday they had forged their takeover deal to create the world's biggest airline in terms of sales, piloted by Air France but preserving their separate identities.
Air France would hold 81% of the group, with KLM owning the remaining 19%.
"Air France and KLM announce that they have signed the final transaction agreement, announced on Sept. 30, 2003, which transaction Air France and KLM expect to lead to the creation of Europe's leading airline group through a share exchange offer by Air France for KLM common shares," the companies said in a joint statement.
www.usatoday.com /travel/news/2003/10/16-af-klm.htm   (586 words)

  
 SignOnSanDiego.com > News > Business -- Air France KLM 1st-quarter sales up 5.5%
Air France KLM shares fell 1.43 percent to 13.8 euros at 1000 GMT despite the robust sales figures, which followed gains in the stock on the back of strong July traffic figures released earlier this week.
On Monday, Air France KLM said the weakness of European exports continued to affect its cargo activity in July with the load factor slipping 4.4 percentage points to 62.1 percent.
Sales at Air France KLM's passenger were particularly strong in the first fiscal quarter, with revenues rising 6.6 percent to 3.859 billion euros on 4.9 percent higher capacity.
www.signonsandiego.com /news/business/20050811-0308-transport-airfrance.html   (432 words)

  
 Air France and KLM to Merge, Becoming Europe's No. 1 Airline - Social and Economic Policy - Global Policy Forum
Air France-KLM would be the world's largest carrier by revenue, with a combined 19.2 billion euros ($22.4 billion) and a combined 58.8 million passengers a year.
KLM will join the SkyTeam marketing alliance led by Air France and Delta, and its American partner, Northwest Airlines, will probably do so as well.
Europe's skies are changing, and KLM Royal Dutch Airlines and Air France intend to stay ahead of the changes.
www.globalpolicy.org /socecon/tncs/mergers/2003/1001airfranceklm.htm   (1275 words)

  
 Air France Seals KLM Takeover
Air France succeeded on Tuesday in its bid to create the world's biggest airline by revenue, winning nearly 90 percent of Dutch rival KLM in an unprecedented takeover that heralds a new era for the industry.
KLM and Air France believe their deal will allow cost cuts and enhance revenues, helping to battle overcapacity in the market and face off growing competition from no-frills carriers.
Air France staff hold 10.5 percent of the new company and former KLM holders 17.3 percent.
news.airwise.com /stories/2004/05/1083668185.html   (553 words)

  
 EU Approves Air France-KLM Deal
Air France, nearly grounded in a near miss with bankruptcy a decade ago, was cleared by Brussels and Washington on Wednesday to take over Dutch KLM and create the world's highest-flying airline group by revenue.
KLM's longstanding alliance with Northwest Airlines and their three-way partnership with Continental Airlines opens the door for those US carriers to also join SkyTeam, the airline alliance headed by Air France and Delta Air Lines.
Air France is spearheading an expected move towards consolidation in Europe's crowded airline sector, hoping to tap economies of scale and expand as the European Union prepares to grow from 15 to 25 nations in May.
news.airwise.com /stories/2004/02/1076528823.html   (637 words)

  
 Air France and KLM to Merge and Create 3rd-Largest Airline
Air France and KLM announced today they were on the verge of joining forces in a French takeover that would create Europe's largest airline and one of the world's biggest carriers.
The combination would bring KLM into the SkyTeam alliance set up in June 2000, led by Air France and Delta; it includes Aeroméxico, Alitalia, CSA Czech Airlines and Korean Air.
Air France's chairman, Jean-Cyril Spinetta, is expected on Tuesday to announce the board's decision to approve a letter of intent for the deal.
www.nytimes.com /2003/09/30/business/worldbusiness/30AIR.html?ex=1380340800&en=0d532d00ae20c4fa&ei=5007&partner=USERLAND   (861 words)

  
 Welcome To Air Cargo World -- Breaking News
KLM Cargo is outperforming its bigger French partner, boosting traffic by 14.6 percent in April, nearly double Air France's 7.8 percent increase, and its load factor increased by 2.6 percentage points to 73.5 percent, while Air France's utilization was 4.1 percentage points lower at 63.4 percent.
The bullish forecast accompanied Air France's final financial results as a stand-alone company which showed operating profits slumped by 28 percent to 139 million euros ($166.8 million) in the year ended March 31 from $230.4 million in the previous fiscal year.
Air France said its cargo unit made an operating profit of $18 million compared with $58 million a year ago.
www.aircargoworld.com /break_news/05182004a.htm   (339 words)

  
 Air France-KLM posts net profit fall - Boston.com
Air France-KLM said it was well protected from the sharp rise in the price of oil and derived products by its hedging contracts on fuel prices, although its fuel bill nevertheless rose 32 percent to 809 million euros ($1 billion) in the first quarter.
Air France-KLM said Friday that its first-quarter net profit fell to 112 million euros ($139 million) from 536 million euros a year ago, when earnings were boosted by a huge one-time gain, but operating profit rose 27 percent on strong passenger traffic.
Air France-KLM shares jumped on the results and raised guidance, and were 3.8 percent higher at 13.80 euros ($17.10) in Paris trading.
www.boston.com /business/articles/2005/09/02/air_france_klm_posts_net_profit_fall?mode=PF   (375 words)

  
 Air France, KLM To Form Huge New Company
KLM shares shot up by 15.72 percent to 13.84 euros in late morning trade on the Amsterdam stock exchange, while Air France shares fell by 5.41 percent to 12.95 euros in Paris.
The planned deal between Air France and KLM means a de facto privatisation of the French carrier, in which the government holds a 54-percent stake.
Approval of the Air France-KLM alliance depended on the Dutch government, which owns 14.1 percent of KLM and is the majority owner of Schiphol airport, vital to the Dutch airline and also to the national economy.
www.rense.com /general42/hgue.htm   (687 words)

  
 CNN.com - Air France to buy rival KLM - Sep. 30, 2003
KLM shares soared 18.2 percent to 14.15 euros in early trading in Amsterdam, while Air France dropped 2.5 percent to 13.35 euros in Paris and Alitalia gained 3 percent to 0.298 euros in Milan.
Air France has agreed to buy rival Dutch airline KLM for 784 million euros ($900 million) in stock, creating the world's third-largest airline.
Air France shareholders would own 37 percent of the new group, while KLM shareholders will hold 19 percent.
www.cnn.com /2003/BUSINESS/09/30/france.klm   (585 words)

  
 Expatica's Dutch news in English: EC gives green light to Air France-KLM merger
KLM is especially strong in Northern Europe and Asia, while Air France operates largely in Southern Europe and Africa.
The Air France takeover of KLM will create the world's largest airline in terms of sales and it could thus push smaller companies out of the market.
Air France chief Jean-Cyril Spinetta said the planned share swap deal between the two airlines will take place in March and the takeover will be finalised in April or May.
www.expatica.com /source/site_article.asp?subchannel_id=1&story_id=4604   (568 words)

  
 BBC NEWS Business Passenger boost at Air France KLM
Although Air France and KLM joined in May 2004, both airlines have kept their individual brand names, and their customer-facing operations remain separate entities.
Shares in the firm - which was formed by the merger of Air France and KLM in May 2004 - closed up 2.5% on the news.
Air France KLM's passenger numbers rose by 6.5% during the first quarter.
news.bbc.co.uk /go/rss/-/1/hi/business/4207480.stm   (322 words)

  
 Aviation Daily STORY
Air France-KLM expects to exceed the original targets specified when the two airlines joined forces earlier this year, and Chairman Jean-Cyril Spinetta said the combined results will be closer to EUR100 million (US$132 million) than the EUR75 million originally forecast.
Air France took over KLM to form Europe's biggest airline group and the European cornerstone of the SkyTeam alliance.
In the winter, Air France-KLM plans to grow long-haul capacity by 5.2%, European operations by 3.2% and French domestic capacity by 4.9%.
www.aviationnow.com /avnow/news/channel_aviationdaily_story.jsp?id=news/AFKLM11294.xml   (349 words)

  
 Confusion over Air France-KLM deal
Agefiv reported that KLM and Air France had reached an agreement and that once a two-stage share exchange has been completed, the French state's stake in the Air France group would fall from 54 to 20 percent.
AMSTERDAM - KLM on Friday denied a media report that it has decided to make an alliance with Air France that would effectively amount to a takeover of the Dutch flag carrier.
But speaking to Reuters news agency, KLM Bart Kosters denied that the Dutch airline had definitely opted to join Air France's Skyteam Alliance.
www.flyertalk.com /forum/showthread.php?t=64385   (283 words)

  
 KLM Royal Dutch Airlines Comprehensive Travel Planning Site
KLM offers various timesaving services on the ground to make your journey to and through the airport quick and efficient.
Your paperless, electronic ticket remains safely stored in the KLM reservation system and you need only produce identification at the airport to receive a boarding pass.
Check flight status of all KLM and Northwest Airlines and partners' flights worldwide for up-to-the minute arrival and departure times.
www.klm.com   (486 words)

  
 Air France-KLM Melding Sales Platforms
On the meetings side, KLM this month plans to piggyback on an existing Air France relationship with Accor that provides to corporate accounts special rates at Accor hotels for delegates flying either Air France or KLM.
Account management, for now, is a parallel effort from the Air France and KLM teams, though Singh said joint meetings with some clients already have occurred.
Air Canada and United Airlines remain under bankruptcy protection, Varig's financial situation is precarious, Air New Zealand faced the brink of collapse before being restructured and Ansett disappeared entirely.
www.btnmag.com /businesstravelnews/global/article_display.jsp?vnu_content_id=1000526115   (1400 words)

  
 Guardian Unlimited Business Business latest KLM-Air France merger cleared
Air France has links with Delta and KLM's partner in the US is Northwest Airlines, which has links with Continental.
The combination of Air France and KLM will have annual revenues of €19bn, a fleet of more than 500 aircraft and a workforce of more than 100,000.
Although KLM shareholders will end up with about 20% of the merged business, compared with a 44% French government holding, the deal has been structured to allow Dutch interests to retain control of the operating business of KLM.
business.guardian.co.uk /story/0,3604,1146038,00.html   (465 words)

  
 Air France, KLM submit merger documents
The major competitors of KLM and Air France will be able to attack the merger plans and its possible consequences for the competitive climate.
"Air France is acquiring a technically almost bankrupt KLM and decisions of that nature are no longer made in Amstelveen (the city where KLM has its headquarters), " the paper said.
Although a KLM spokesman has meanwhile confirmed the submissions, nor KLM or Air France has made an official announcement about the submission of the documents.
www.tiaca.org /articles/2003/12/30/273F04039FCE4F799B40CFA6BB3FF2E.asp   (263 words)

  
 Air France
Air France is innovating by launching Dedicate, a new service featuring scheduled routes and direct flights to some of the more remote parts of the world, making life easier for professionals travelling to constructions projects, production site and other major areas of economic activity - especially for the oil and gas industry.
Air France is opening new private lounges all the time and adding other access privileges through its airline partnerships.
This elegant Air France arrivals lounge with a capacity of 40 is open from 6 a.m.
www.tq3.com /ca/bm/wy   (1048 words)

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