Lord F, interesting that KLM should push out this statement this morning!
"Dutch airline KLM said on Wednesday that it has decided not to submit a formal bid for U.K. low-cost airline Go, a unit of British Airways. KLM spokesman Bart Koster said that KLM had presented BA with a non-conditional proposal but said that BA had rejected this. Koster also said there were regulatory issues that would have obstructed a deal. KLM would have merged Go with Buzz, its own low-cost airline that also operates from London's Stansted airport. Koster declined to say how much KLM was willing to pay for Go. He said KLM still is reviewing its own position in the low-cost carrier segment. "All options are still open, except for one," Koster said. In Amsterdam, KLM shares were down 2.9 percent at €24.75."
[This message has been edited by newswatcher (edited 14 March 2001).]