The deal is done, details will follow at a press conference at 10:00 CET.
Initial reports make is sound like job security is garuanteed for five years (for whatever that is worth). The brand name of KLM will remain for the foreseeable future.
As has been speculated for weeks now, a new holding company will formed which will contain Air France and KLM. The valuations are along the lines that have been mentioned before.
In two weeks time the deal will be signed pending input from all parties involved.
Regards, O.