Air France-KLM is pleased to hear of the announced merger of Delta and Northwest

This merger between Delta and Northwest facilitates the implementation of this transatlantic joint venture combining the Air France-KLM Group and the new Delta group encompassing Northwest.

Considering the strong liquidity position of the combined airlines, these no longer require additional funding through a capital increase from Air France-KLM.

Air France-KLM agreed to offer financial aid under the previous terms, while reasserting that its objective was to facilitate the merger of Delta and Northwest and avoid all combinations which could have been in opposition to the existing alliance system. The carrier’s priority was not to invest in the US air transport industry in the long term, and are satisfied with the new framework which strengthens its North Atlantic partnership without the need for financial aid on its part.

© Centre for Asia Pacific Aviation. Date posted: 16-Apr-08
 

Other Air France News

• Air France opts for IT solution from Lufthansa Systems
• Air France and KLM extend Amadeus full content distribution agreement until Dec-2013
• Air France KLM: Flights to new destination, Abu Dhabi
• Air France inaugurates transatlantic A380 operations between Europe and the U.S.
• Engine Alliance GP7200 engine enters service with Air France
• Air France and Lufthansa prepare for A380 service introduction
• AIr France KLM, First Quarter 2009-10 Revenues
• Air France KLM publishes its fifth annual sustainable development report
• BOC Aviation signs leaseback deal for four Boeing 777
• Air France-KLM and Travelport GDS sign full content agreement