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Air France-KLM comples its acquisition of a 25 percent stake in Alitalia

26-Mar-2009
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Air France-KLM comples its acquisition of a 25 percent stake in Alitalia

Tags :Continental Europe, Air France, Alitalia

Following Air France-KLM's announcement on 12-Jan-09 and the approval of the competition authorities, the group has completed (25-Mar-09) its acquisition of a 25% stake in Alitalia through the subscription to a reserved capital increase for an amount of some EUR323 million.



This strenghtened partnership cemented by Air France-KLM's minority stake in Alitalia gives Air France-KLM greater access to the Italian market thanks to Alitalia which, following its acquisition of Air One, has reinforced its position on the domestic market.

 

(c) Centre for Asia Pacific Aviation. Date posted: 26-Mar-09

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