|
|
"A comprehensive, collaborative elections resource."
|
Air France Deal Ends Dutch Aviation Era; Continental, Northwest Pulled into French System
|
|---|
| Parent(s) |
Container
|
| Contributor | Gerald Farinas |
| Last Edited | Gerald Farinas May 05, 2004 12:14pm |
| Logged |
0
|
| Category | News |
| Media | News Service - Associated Press |
| News Date | Wednesday, May 5, 2004 06:00:00 AM UTC0:0 |
| Description | Air France Deal Ends Dutch Aviation Era; Continental, Northwest Pulled into French System
The Honolulu Advertiser
Air France KLM toppled American Airlines as the world's largest airline after a deal between the French and Dutch national carriers. New shares of Air France KLM made their debut on the Euronext stock exchange Wednesday, marking the end of an era for Dutch aviation that will see shares in KLM Royal Dutch Airlines disappear. KLM's all-stock acquisition by French national carrier Air France, announced in September, was sealed Tuesday after KLM shareholders tendered almost 42 million shares, representing 89.2 percent of the company. The end of trading in KLM's shares, listed in the capital Amsterdam since 1959, "is something you don't look forward to," said Leo van Wijk, KLM's chief executive and the new company's vice president. KLM will continue to fly its own aircraft for at least five years, but the long-term survival of its trademark logo - blue skies and a swan - is unclear. KLM and KLM's U.S. partners, Continental Airlines and Northwest Airlines, will join Air France's Skyteam code-sharing agreement with Delta Airlines and four other carriers in mid-September. |
| Share |
|
|
2¢
|
|
| Article | Read Full Article |
|
| Date |
Category |
Headline |
Article |
Contributor |
|
|
