Behind the Air France-KLM merger
A look at what the deal means for cargo shippers
Air France (www.airfrance.com) moved quickly to close a deal that creates Europe's largest airline, taking just over two weeks to acquire Dutch airline KLM
Timing of the move recognizes changes in the regulatory climate and in the nature of the airline industry. For air cargo shippers, the operational implications are significant, in no small part because cargo integration is moving faster than the general combination.
Air France is the world's sixth largest cargo airline based on tonnage. It operates a dozen freighters, nine 747-200s and three 474-400s. It is also a member of the SkyTeam Cargo joint venture which includes Alitalia, Delta Air Logistics, Korean Air Cargo, Aeromexico Cargo and CSA Czech Airlines Cargo.
In addition, make sure to read these articles:
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- Air France-KLM plans to delist fromNYSE.
- Alitalia unlikely to join Air France and KLM in merger
- Air France KLM reports higher than expected quarterly profit.
- AIr France-KLM gives details on Alitalia offer.
- Increase in passenger numbers reported by Air France-KLM.
- Air France and KLM to create new company.
- Alitalia hopes to broaden alliance with Air France and KLM.
- Air France and KLM finalise details on merger agreement - reports.
- Air France and KLM to go ahead with share swap.
- Air France-KLM orders 16 Boeing aircraft.
- Air France and KLM willing to surrender slots for merger approval - report.
- Air France-KLM part of European Commission's airfreight investigation.
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