Strategic Meetings Summit London, 26 September,
September 29 2022, Kimpton Fitzroy London
Friday 30 September 2022, JW Marriott Grosvenor
KLM”s life as an independent airline will shortly come to an end following EU approval of the carrier”s de facto takeover by Air France. The two agreed to give slots as compensation, but not any routes. The new combination will become the largest airline in Europe in terms of revenue and rank third behind American Airlines and United Airlines in passenger traffic. The French state will own 44%, other Air France shareholders 37% and current KLM shareholders 19% of the enlarged company. Air France and KLM will retain their national identities, brands and hub airports. KLM will remain Dutch and keep its international landing rights as the Dutch government and other entities will hold 51% of its voting rights for three years. The new arrangements bring Northwest Airlines and Continental Airlines closer to the SkyTeam alliance headed by Air France and Delta Air Lines.