FlyerTalk Forums - View Single Post - What is Wings?
Thread: What is Wings?
View Single Post
Old Mar 20, 2002 | 7:27 am
  #3  
Silver Wing
 
Join Date: Dec 2001
Location: The Netherlands
Posts: 113
Actually the name Wings is according to my opinion originally of KLM/NW…

In may 1989 Northwest was threatened by some hostile take-overs. This was dangerous for the collaboration between KLM and NW, because NW would have been split-up in several divisions.
An other party of 2 former presidents of Mariott, A. Checci and G. Wilson, wanted to keep NWA together. Together with KLM and others, they formed a holding: Wings Holding Inc. This holding bought several shares of NWA Inc.
With Wings KLM owned 20% of the shares of NW.
Silver Wing is offline