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| Topic: |
Business
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| Number of pages / Number of words: |
8 / 2168 |
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Measured by passenger-miles, 58.8 million passengers per year would rank them right after American Airlines and United Airlines as third worldwide (Tagliabue, 2003).
In December 2003 a framework agreement, which stated that Air France will acquire control of KLM, was signed by both parties. Air France will obtain 100 percent of KLM’s shares for 140 percent of what they were traded at, at the Amsterdam Stock Exchange, before...
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Air France will obtain 100 percent of KLM’s shares for 140 percent of what they were traded at, at the Amsterdam Stock Exchange, before. Although both companies will belong to a new holding corporation named Air France-KLM, they will continue operating independently under their individual brand names for at least three years because the deal included, that KLM will retain 51 percent of their voting power for an initial period (EC, 2004b, p...
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