Manufacturing Industry
Alitalia to begin discussions with Air France to join Air France-KLM group
Airline Industry Information, Sept 30, 2003
AIRLINE INDUSTRY INFORMATION-(C)1997-2003 M2 COMMUNICATIONS LTD
Italian carrier Alitalia is to begin discussions with Air France to join the newly announced Air France-KLM Group linkup.
Air France and KLM Royal Dutch Airlines have announced a share swap deal, which will create Europe's largest airline. The French carrier will take a 37% stake in the new holding company, while KLM will hold a 19% share. Under the agreement, the French government's stake of 54% will be reduced to 44%. The Dutch government - which approved the deal last week - will retain its present stake in KLM.
According to Alitalia, the talks are expected to start "as soon as the Italian state cedes control", The Associated Press reported.
((Comments on this story may be sent to aii.feedback@m2.com))
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