Originally Posted by jetcity405
I was under the impression that KL had a minority stake in NW...which led to the original pre-continental codeshare deal
also to note, of the skyteam 6, co only has agreements now with 2, nw only with 2 and kl only with csa, and air france by virtue of new ownership
When NWA went private KLM put up considerable $$$ inorder to buy a minority stake (but at the max set by US law)...however today they have sold almost 100% of their NWA stock but they do retain a seat on the board because of their codeshare agreement
It's kinda similiar to NWA owning the majority of voting rights to CO a few years back...they came in under DL's radar and snatched it away...they turned around a few years later and sold it to CO for a nice profit