Word: klm
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Dates: during 2000-2009
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...flight attendant has had to deal with such meetings, says a 15-year veteran stewardess for a large Asian airline. "Usually, the people are drunk," she says. Officially, however, airlines pooh-pooh the topic. "Honestly, I have never heard of it happening," says Cathay Pacific spokeswoman Lisa Wong. At KLM, flag carrier for the Netherlands, spokesman Youssef Eddini was taken aback that we even popped the question. "It is simply not allowed," he ruled. Even the spokeswoman for Virgin Atlantic?whose owner, Richard Branson, once intimated that he would like to introduce double beds on his planes?said...
...Hazy Skies KLM's years-long search for a partner finally ended last week when the loss-making Dutch airline agreed to merge with Air France. Both sides talked up the €784 million deal as an overdue consolidation of European airlines and promised it would create "substantial value for shareholders." Just how it might do so left investors and civil-aviation experts scratching their heads. Air France CEO Jean-Cyril Spinetta and KLM chief Leo van Wijk said the two firms won't cut staff and will operate as before from their hubs, Charles de Gaulle in Paris...
...Analysts say Richemont hasn't yet instilled the financial discipline needed to weather the downturn. EUROPEAN AIRLINES: Except for some low-cost carriers, Europe's airlines have hit a wall. Passenger traffic was already down 10% since the war began. But SARS could have an even worse effect, said KLM's CEO Leo van Wijk, as the company reported a fresh 3% drop. British Airways took an even bigger hit, with total revenue down 11.4% and traffic to Asia plunging 25%. Where Did Saddam Hide His Loot? To find money for rebuilding Iraq, some European nations may just want...
...brought some respite, but in the rapidly changing world of commercial airlines, the carrier was too small, its costs too high. Sabena needed a partner to survive. The fateful deal with Swissair was signed in May 1995, after Sabena's attempts to ally itself first with SAS, British Airways, KLM and finally Air France collapsed. The Belgians were delighted. "Swissair was seen as a flying bank," says Gérard Gobert, a commission member. Under the agreement, Swissair took a 49.5% stake in the Belgian carrier with an option to increase that later. At the time, Swissair was embarking...
...KLM appears set to merge Buzz and Basiq Air, its Amsterdam-based budget brand, in order to cut costs and streamline management. In retrospect, British Airways' exit from the low-cost business last year - when it sold Go to venture capital firm 3i for 3158 million, only to see Go be sold again to easyJet for almost four times the price - looks short-sighted indeed...