Air France-KLM takes over Alitalia

AIR France-KLM’s takeover of Alitalia has been approved.

The joint carrier will restructure and re-launch Alitalia, calling for a network organised around Rome-Fiumicino, and around European and selected inter-continental destinations operating from Milan.

The plan is to return Alitalia to profit as early as 2009, and to move operating margins in line with those of other major European airline companies.

Air France-KLM is proposing to acquire 100 per cent of the capital of Alitalia via an exchange offer with a parity of one Air France-KLM share for 160 Alitalia shares, equivalent to 8.7 million Air France-KLM shares for 100 per cent of Alitalia.

Share this story

Related Topics

Latest news

First B777 makes its way to IAI for freighter conversion

By Damian Brett

GE Capital Aviation Services (GECAS) has delivered the first Boeing 777-300ER to Israel Aerospace Industries (IAI) for the prototype passenger-to-freighter…

Read More

Share this story

Cargo-partner provides charter services update

By Rachelle Harry

Logistics provider cargo-partner is operating weekly charter flights throughout June from China and Hong Kong to Frankfurt, Vienna, Amsterdam and…

Read More

Share this story

AMI moves to new Brisbane facility ahead of airport expansion

By Damian Brett

Airfreight wholesaler Air Menzies International (AMI) has moved its Brisbane operation to a new purpose-built facility within the Brisbane Airport…

Read More

Share this story