Air France–KLM
The Air France -KLM Group SA, headquartered in Paris, is a publicly traded airline, which resulted from the merger of the two airlines, Air France and KLM in 2004.
The two companies merged to September 15, 2004 by exchange of shares, but retain their own brand identity. The group is one of the leading airlines in the SkyTeam alliance. The shares are traded in Paris and New York.
In the year ended 31 March 2011 102 012 employees generated sales of € 23.6 billion and a net income of € 613 million. Chief Executive Officer ( CEO), Jean- Cyril Spinetta; he followed in October 2011 to Pierre -Henri Gourgeon. The fleet of Air France-KLM includes 593 aircraft (as of September 2011). In January 2012, Air France -KLM 25 Boeing 787 ordered from Boeing.
Investments
In addition to Air France and KLM are several other airlines 100% owned by Air France- KLM:
- Brit Air, a French regional airline
- CityJet, an Irish regional airline
- KLM cityhopper, a Dutch regional airline
- Martinair, a Dutch cargo airline
- Régional, a French regional airline
- Transavia Airlines, a Dutch low cost airline
- Transavia France, a French low-cost airline
- VLM Airlines, a Belgian regional airline
In addition, smaller shares are held in the following companies (ranked by level of participation):
- Kenya Airways to 26%
- Alitalia to 25%
- Airlinair to 19.5%
- Air Corsica to 12%
- Air Tahiti to 7%
- Air Mauritius to 5%
- High Speed Alliance to 10%
- Royal Air Maroc to 3%
- Air Caledonia to 2 %
In December 2007, plans to complete acquisition of Alitalia were originally announced. However, this failed early April 2008, the opposition of the trade unions, who feared massive job cuts.