Originally Posted by irishguy28

This is wrong.

EU airlines cannot be owned by non-EU entities; the combined holdings of all non-EU shareholders is not allowed to go above 50% of the total.

This graphic dates from April 2021 (I couldn't find a more recent graphic from a credible source); Delta owned less than 6% of AF-KLM at that time. Their holding has been diluted even further since then.