Dutch government to seek seats on Air France-KLM board

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Dutch government to seek seats on Air France-KLM board
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Dutch government to seek seats on Air France-KLM board GlobeBusiness

– almost matching the France’s 14.3 per cent stake – in a move to counter French influence in the airline.

The AMF said the Dutch state had informed it on Friday that it now held 60 million of the Air France-KLM’s shares and controlled 11.91 per cent of its voting rights. “By becoming an Air France-KLM shareholder, the Dutch state shows its commitment to the success of the firm and supports management in its drive to improve the company’s performance,” the Dutch government said.

Air France and KLM merged in 2004, but KLM has always maintained an independent corporate structure within the group.

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