Word: klm
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...boots off, take your belt off, but the woman who is looking at the X-ray machine is looking at you to give her a tip," says Victor Chidi Asaba-One, 41, a businessman who shuttles between Detroit and Lagos about 20 times a year, often on the same KLM and Northwest flights that Abdulmutallab used. (See pictures of Umar Farouk Abdulmutallab...
...year-old son of one of Nigeria's wealthiest men and most prominent bankers has lived outside Nigeria for years and had severed ties with his family. On Dec. 24 he re-entered Nigeria and boarded a KLM flight to Amsterdam that same night. He used an e-ticket that had been purchased in Accra, Ghana...
...year, is simple. BA and Iberia - combined annual revenues: $22 billion - are chasing their rivals' tails. Germany's Lufthansa, Europe's second-largest airline, has picked up smaller carriers from Austria to Switzerland in recent months. Thanks to the 2004 merger of the French and Dutch airlines, Air France-KLM is even further out in front. Troubled Iberia and BA, which both announced ugly losses over the past week, reckon eliminating duplicate services from fleet maintenance to business class lounges will save the airlines $600 million a year. That'll mean "a strong European airline will able to compete...
...history of airline mergers, though, might suggest otherwise. Success stories - Air France and KLM in Europe; Delta and Northwest in the U.S. - are rare. Of the dozens of deals struck in the U.S. since the airline industry was deregulated in the late 1970s, most are considered flops. "I compare it to two drunks, where you assume that if they hold on to each other, they will walk straight," says Adam Pilarski, senior vice-president of U.S. aviation consultancy Avitas. He points to the bungled 2005 merger of US Airways and America West, and adds, "That's usually not the case...
...company - will need to proceed with caution. Sure, rough economic head winds and the business of turning two firms into one can give cost cutting real momentum. The tough trading conditions following the Sept. 11 terrorist attacks were, after all, a "catalyst for the success of [the Air France-KLM merger] at the time," says Howard Wheeldon, an aviation expert at brokers BGC Partners in London. (Read "British Airways: High Costs Fuel Record Loss...