Word: klm
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Dates: during 2000-2009
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...Along with British royalty, beneficiaries include multinational food companies such as Nestle, Cadbury, Kraft; drug companies such as GlaxoSmithKline, and brewers like Heineken and Grolsch. Money even flows to tobacco giant Philip Morris, the oil behemoth Shell and even the airline Air France-KLM. British sugar giant Tate & Lyle alone received more than $443 million over a two-year period. TIME has recently chronicled similar patterns in U.S. farm subsidies...
...just a couple of phrases of the local language. Since 2005, travelers on selected flights of Singapore Airlines, Lufthansa and half a dozen other carriers have been avoiding this problem with Berlitz World Traveler courses, available on personal video screens. Now other airlines are following suit - this year, Continental, KLM and Air France began offering the onboard language-tuition program, which teaches the basics of up to 23 languages in 21 languages. So should you be from Brazil and need to brush up on your Tamil, or from Vietnam and require a few phrases of Arabic, a course option will...
...Still, the plan hammered out by Maurizio Prato, Alitalia's third chairman in the past year, may contain a corporate logic that goes beyond all the apparent wheel-spinning. The company, no one doubts, must be sold. The 5,000-pound vulture in the room is named Air France-KLM, which sat out this past year's round of bidding. Alitalia's initial cuts (modest as they are) to both personnel and fleet, its search for some hanging-on cash, and above all its shifting its hub southward all make it a more attractive regional partner for Air France following...
Flying isn't so smooth at Alitalia, the wobbly Italian flagship carrier now being sold by the state that could fit nicely into Air France--KLM. Although several other companies have made bids for Alitalia, a stake in the airline would give Air France a dominant position in the lucrative Italian market and more heft and coverage of its international network. Air France scarcely hides its interest in the strategic allure of linking up with Alitalia, but last month it refused to make a bid for a 49.9% stake the Italian government put on the market, which by law would...
...encourage other open-skies treaties between the U.S. and Asia, and Asia and the E.U." In other words, the real battle of the world's skies is only starting--just as Air France can feel confident knowing its people are fighting the competition rather than the company. AIR FRANCE--KLM GROUP (FY 2006) Once beset by labor trouble and red ink, the company has soared into profitability. Sales $28.2 billion Profits $1.2 billion Employees 103, 127 Passenger planes AF 254 KLM 190 Destinations 225 in 109 countries Stock Ownership French state: 18.6% Employees...