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Air France-KLM plans to acquire more stakes in other airlines

by 7. March 2011 09:17
Air France - KLM, Europe’s largest airline by revenue, is contemplating a new structure that would be beneficial in enhancing the current joint venture and also in acquiring more acquisitions.

Pierre-Henri Gourgeon, Chief Executive Officer of Air China-KLM, was quoted in the newspaper as saying, “We have to have a more international vision of our organization. Other projects of convergence are underway to allow us to pursue consolidation. The group has to be able to welcome new companies such as Lufthansa and British Airways, its two big competitors.”

The airline, which is formed by the merger of Dutch and French carrier, possesses 25 percent stake in Alitalia. The airline also joined hands with Delta Airlines, which is also a part of SkyTeam alliance.

However, a spokeswoman for Air France-KLM refused to comment or divulge more details over the proposed acquisitions.

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Tags: air france, klm

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