Martinair will initiate a restructuring program that includes ending European short-haul passenger operations and the start of negotiations to bring the company under a single shareholding, preferably KLM. Martinair reported a €7 million ($9.4 million) loss in 2006, reversed from a profit of €14 million the prior year. "The shareholders, supervisory board and board of directors have come to the conclusion that it would be in the interest of all stakeholders to realize a single ...

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