PPRuNe Forums - View Single Post - New AF/KLM CEO killing the one part of the company that makes money?
Old 27th Feb 2019, 18:46
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Phil Stunell
 
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Dutch increase stake in AF / KLM

BBC says:-
"France has reacted frostily to the Dutch government's sudden purchase of a 12.7% stake in Air France-KLM in attempt to counter French influence.

Shares in the airline company fell almost 11% after the Netherlands government said late on Tuesday it was acting to protect "Dutch interests".

The Dutch aim to match France's 14.3% stake in the airline.

French Finance Minister Bruno Le Maire insisted the company should be "managed without national public interference".

According to French reports, the government in Paris was informed of the Dutch move only an hour before a press conference on Tuesday night, and after the shares had been bought.

A ministry source told AFP news agency the Dutch move was both "surprising" and "unfriendly", more in the manner of market traders than a state shareholder.

Meanwhile, French President Emmanuel Macron said the Dutch government should "clarify its intentions".

What the Dutch say

"Buying this stake ensures we have a seat at the table," Dutch Finance Minister Wopke Hoekstra said of the move, which cost about €680m (£583m; $774m).

The justification, he said, was to protect Dutch economic interests and jobs - particularly regarding Amsterdam's Schiphol airport. Schiphol is Europe's third busiest airport after London Heathrow and Paris Charles de Gaulle."
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