Air France-KLM

Air France-KLM Group SA
legal form	SA
ISIN	FR0000031122
founding	2004
Seat	Paris , France
management	Benjamin Smith ( CEO )
Number of employees	88,800
sales	26.5 billion euros (2018)
Branch	aviation
Website	www.airfranceklm.com
As of December 31, 2018

Air France-KLM , based in Paris, is a listed holding company that, since 2004, has included the still legally independent airlines Air France and KLM . The largest shareholder is the French state with 14.3 percent. The Dutch state has held a total of 12.68 percent since February 2019. A further increase to the level of the French share is sought. Delta Air Lines and China Eastern Airlines also held high stakes of 8.8 percent each in 2017 .

At the end of 2018, 88,800 employees generated sales of almost 26.5 billion euros. Air France-KLM transported 101.4 million passengers worldwide in 2018. As of the end of 2018, the fleet of the airlines Air France and KLM comprised 548 aircraft.

In 2020, Air France-KLM ran into financial difficulties due to the COVID-19 pandemic and the associated significant restrictions in global air traffic. In April 2020, the governments of France and the Netherlands announced that they would be providing the two airlines with government support of up to EUR 9 billion. The French Minister for Economic Affairs, Bruno Le Maire , promised financial aid totaling seven billion euros, including three billion in government loans and four billion in guarantees for bank loans. This is linked to demands for more profitability and environmental awareness, but the EU Commission still has to approve the aid . The Dutch finance minister Wopke Hoekstra said that he would give Air France-KLM aid between two and four billion euros.

Subsidiaries

Several airlines are 100% owned by Air France-KLM:

• Air France
  • Air France Cargo (France)
  • Air France Hop (regional airline, France)
  • Transavia France (60%) (low cost airline, France)

• KLM
  • KLM Cargo (Netherlands)
  • KLM Cityhopper (Netherlands)
  • KLM Asia (Taiwan)
  • Martinair (formerly passenger airline until 2014) (cargo airline, Netherlands)
  • Transavia Airlines ( low cost airline , Netherlands)
    • Transavia France (40%) (low cost airline, France)

former subsidiaries

• CityJet (Ireland, sold to Intro Aviation)

Holdings

In addition, smaller shares are held in the following companies:

• Kenya Airways at 26%
• Alitalia at 25%
• Air Corsica at 12%
• Air Tahiti at 7%
• Air Mauritius at 5%
• High Speed ​​Alliance at 10%

In December 2007, plans to fully acquire Alitalia were announced. However, this failed at the beginning of April 2008 due to resistance from the trade unions , who feared massive job cuts.

Web links

Commons : Air France-KLM  - Collection of images, videos and audio files

• Official website of the Air France-KLM Group (English and French)

Individual evidence

1. ↑ Joon threatens an early end aerotelegraph.com, accessed on November 30, 2018 (English)
2. ↑ Full year 2018 results (English). Air France-KLM, February 27, 2018, accessed February 27, 2018 . 
3. ^ Agence des participations de l'État: L'État actionnaire. Report d'activité 2017–2018. P. 83 PDF
4. ↑ Nederlandse Staat neemt belang van 14 percent in Air France-KLM rtlz.nl, from February 26, 2019.
5. ↑ The power struggle at Air France-KLM escalates. Neue Zürcher Zeitung, February 27, 2018, accessed on February 27, 2018 . 
6. ↑ airfranceklm.com
7. ↑ Full year 2018 results (English). Air France-KLM, February 27, 2018, accessed February 27, 2018 . 
8. ↑ Billions in aid for Air France-KLM . In: tagesschau.de, April 24, 2020 (accessed April 25, 2020).
9. ↑ Financial Times - Air France-KLM buys 25% of Alitalia on January 12, 2009.
10. ↑ News: Air France-KLM buys 25% of Alitalia. FliegerWeb.com, November 18, 2009, accessed June 24, 2010 . 
11. ↑ Document de référence 2007-08. (PDF; 1.3 MB) Air France-KLM, June 13, 2008, accessed on February 23, 2013 (French). 

Coordinates: 48 ° 51 '43.55 "  N , 2 ° 18' 52.74"  O