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Air France KLM acquires 25% of Alitalia for €323 million

Air France KLM yesterday announced that it completed the acquisition of a 25% stake in Alitalia through a reserved share subscription worth approximately €323 million ($439.1 million). Its partnership with the restructured Italian carrier was announced in January but required approval from competition authorities (ATWOnline, Jan. 13). At that time, AZ said AF KLM would be entitled to nominate three of the 19 members of the board and two members of the executive committee.

 

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.