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Dutch State raises stake from 5.9% to near 13%
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Mar 1, 2019, 4:20 am
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Satie
Join Date: Feb 2013
Location: Valencia, Paris
Programs: FB Gold, IB Plus Plata
Posts: 164
Quote:
Originally Posted by
irishguy28
Les Echos reported yesterday that Elber's reappointment may not yet be a done deal in the light of the Dutch government's actions...
The problem is that KLM jumped into the marriage a few years after being jilted at the altar by BA. KLM was going through a rough patch and they needed a lifeline - any lifeline. (There was also a failed merger attempt with Alitalia around the same time but that's one they probably should never have contemplated)
Marry in haste...repent at leisure.
Tensions have always been present:
AF-KL tensions reach new high?
Joint Dutch-French study says AF-KLM is a failure
The Independent - British Airways and KLM abandon £4bn merger talks
Willie Walsh still rues not doing the deal with KLM
Willie Walsh still rues not doing the deal with KLM - and supports Elbers at KLM.
BA was not interested in a merger but in a acquisition of KLM. So KLM would have been the LX or OS of Lufthansa. A mere subsidiary with 0 independence
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