KLM, Air France to Form Aviation Group
From Associated Press
Air France and KLM Royal Dutch Airlines plan to create an aviation group that would surpass British Airways as Europe’s largest airline operator.
The deal would unite Europe’s second- and fourth-largest carriers under one corporate parent, to be called Air France-KLM.
The new company would generate annual revenue of about $22.08 billion, compared with $12.4 billion last year for British Airways.
The group would serve 58.8 million passengers a year and 226 destinations worldwide, operating 540 aircraft and employing about 106,000 people.
