Air Transport World

KLM plans.

KLM plans to buy back up to 25% of its outstanding stock and pay share-holders a one-time cash dividend. The airline said it would finance the move with Nig 1 billion ($500 million) in proceeds from the sale of shares in Equant and Galileo International. The buyback. expected to be approved by shareholders at their Aug. 3 annual meeting, is KLM's second in two years.

KLM's slaughter of 440 ground squirrels it transported from China lacking the right paperwork led the airline to suspend all transportation of rodents, reptiles and amphibians. …

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