Air Transport World

AF KLM continues to target consolidation.(FINANCIAL RESULTS, NEW DEALS, AND REPORTS FROM EVERY CORNER OF THE GLOBE)(Air France KLM S.A.)(Brief article)

Air France KLM Chairman and CEO Jean-Cyril Spinetta said the company remains very keen on participating in European consolidation, but he denied rumors the group is looking at acquiring Austrian Airlines. "I believe we have more pressing matters for the moment," he told ATW at the IATA AGM in Istanbul. "We have to prepare Air France KLM for this crisis, this new environment." Some years ago, AF held a stake of about 2% in OS, which has said it is considering aligning with a larger carrier

Regarding consolidation, Spinetta said, "The only form of organization in the EU is to become a European leader, not a national one," adding, "We tried with Alitalia. It was not possible, for many reasons. …

Log in to your account to read this article – and millions more.