Word: spinetta
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Dates: during 2003-2003
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...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 and Amsterdam's Schiphol. And to retain KLM's international traffic rights, they've had to create a holding company that will...