KLM may be barred from getting a stake in Virgin Atlantic

K

Air France-KLM may not get a stake in industry partner Virgin Atlantic. The company of the British billionaire Richard Branson would find the cooperation between the two airlines on transatlantic routes sufficient, so that transfer of shares would not be necessary. La Tribune writes that based on sources.

Air France-KLM declined to comment on the French newspaper. The aviation combination already announced in 2017 that it would go for 31 percent with Virgin. This would make the company the second largest shareholder in that company, after the American Delta Air Lines, which holds 49 percent. Branson’s interest in Virgin would decrease to 20 percent. The European Commission approved the deal in February this year.

About the author

Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to [email protected]

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

Categories