Airline boss admits 'tensions' as KLM marks 100 years

Image
AFP Schiphol (Netherlands)
Last Updated : Oct 07 2019 | 8:45 PM IST

The chief executive of Air France-KLM admitted "tensions" over the future of the airline alliance as the Dutch carrier marked its 100th anniversary on Monday.

Frictions burst into the open earlier this year when the Dutch government unexpectedly raised its stake in the group to almost the same level as the French state.

The surprise move followed years of disagreements over the profitability of Air France and KLM, which merged in 2004 but continue to operate largely separately.

"Yes, there are some tensions," Air France-KLM's Canadian CEO Ben Smith told a press conference in a hangar at Amsterdam's Schiphol Airport.

"I think that when you have two airlines in a group that are so important for each country, and mean so much in each country and in the history of each country... it's only natural to see that each government wants to secure their interests for the future."
Smith added that the French and Dutch governments "are looking to ensure both companies a strong future."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 07 2019 | 8:45 PM IST

Next Story