Air Transport World

AF and KLM join forces.(Brief Article)

The new Air France-KLM grouping has begun to coordinate schedules across its networks following completion of the carriers' historic merger last month. The AF and KLM brands will coexist for three years and the airlines will be run by a strategic management committee consisting of four members from each. In cases of ties, AF Chairman and CEO Jean-Cyril Spinetta, chairman and CEO of the new entity, will cast the deciding vote.

Following the issuance of new shares on May 4 as part of the transaction, AF is now de facto privatized. The French state holds 44.7% of the new company, AF employees 10.5% and the public float is 44. …

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