Air carriers from the Gulf states will not be given new landing rights at Amsterdam’s Schiphol Airport. The Dutch government is citing “unfair competition with Air France-KLM” as the reason for its actions. The decision was announced ahead of a European Commission decision on possible unfair competition due to the massive growth of Emirates, Etihad and Qatar in the region. Speaking to Financieele Dagblad, Holland’s junior transport minister Wilma Mansveld said: … [Read more...] about Dutch gov’t blocks Gulf carriers from expanding
Air France-KLM
Alitalia to end deal with Air France-KLM in 2017
Italy's Alitalia announced it will not renew its partnership and joint venture agreements with Air France-KLM when the deal expires in 2017. The partnership, writes Radiocor press agency, concerns the passenger services of the airlines between France, Italy and the Netherlands, along with marketing, the sale and distribution of Alitalia's cargo belly services operated by Air France-KLM. The deals date back to 2009 and 2010. Abu Dhabi's Etihad Airways owns a 49 per cent stake in … [Read more...] about Alitalia to end deal with Air France-KLM in 2017
More red ink for Air France-KLM
Air France-KLM group full year results for 2014 reveal flat revenues of €24.9 billion and EBITDA of €1.5 billion, down €266 million. Excluding last year’s damaging strike, EBITDA rose €159 million to €2 billion. The adjusted net result was a loss of €535 million. Aside from various earlier announcements on restructuring of the cargo division, little more was revealed at the annual results briefing. “I won’t dwell on cargo,” said chief … [Read more...] about More red ink for Air France-KLM
Sodexi opens express freight hub at CDG
France-based express package handler Sodexi, a joint venture of Air France-KLM (65 per cent) and Geopost (35 per cent), began operation of a new 7,600 sq m (818,000 sq ft) express freight terminal at Paris-Charles de Gaulle Airport last week. The €22 million (approx. US$25.94 million) facility, owned and developed by Aéroports de Paris, but financed by Sodexi, has an annual capacity of up to 55,000 tonnes of express freight. Jérôme Balbi, managing director of … [Read more...] about Sodexi opens express freight hub at CDG
Air France-KLM defers B777 deliveries
Air France-KLM will defer the deliveries for 10 Boeing 777-300ERs scheduled for delivery in 2015-2016 because of poor financial results and low fuel prices. Europe’s biggest airline 2014’s earnings before interest, tax, depreciation and amortisation is reported to be US$246 million lower than expected. Poor sales on long-haul routes and a pilot walkout in September are largely to blame for the shortfall, the carrier said in an e-mailed statement. … [Read more...] about Air France-KLM defers B777 deliveries
Air France-KLM settles US class action suit
Air France and Dutch partners KLM and Martinair have said they have reached a settlement with plaintiffs on a US civil class action suit brought against them for conspiring to fix air cargo rates. But the settlement does not affect the outcome of a European Union (EU) anti-trust probe, which is still pending. "Pending its approval by the US court, the accord, in exchange for payment of US$87 million (€69 million), ends all civil action against the three companies ... concerning the US air … [Read more...] about Air France-KLM settles US class action suit
