Key Developments: Air France Klm SA (AFRAF.PK)
10.56USD
8 Mar 2013
$-0.93 (-8.09%)
$11.49
$10.56
$10.56
$10.56
600
22
$11.49
$4.51
Latest Key Developments (Source: Significant Developments)
EADS NV to Sign Contract with Air France-KLM SA for Delivery of 25 A350 Planes-Reuters
Reuters reported that EADS NV and Air France-KLM SA shall sign in 2013 a definitive order for the delivery of 25 Airbus A350 to Air France-KLM SA Full Article
Air France-KLM SA Announces Launch of Regional Airline HOP!
Air France-KLM SA announced that Air France revealed the name and commercial offering of its new regional airline, HOP! A result of the synergy between the Air France group's three regional airlines - Brit Air, Regional and Airlinair - HOP! aims to become the reference airline on inter-regional routes in France and Europe. As from March 31, 2013, HOP! will operate 530 daily flights to 136 destinations in France and Europe. Full Article
Air France KLM SA's Air France and KLM Cancel Flights-DJ
Dow Jones reported that dozens of flights of Air France KLM SA' Air France and KLM has been canceled due to winter conditions at Schiphol and Paris airports Charles Gaulle and Orly. Full Article
Air France KLM SA's KLM Cancels and Delays Flights-DJ
Dow Jones reported that several flights of Air France KLM SA's KLM has been canceled or delayed due to winter conditions at Schiphol. This concerns cancellation of 27 KLM return services, 10 single routes and delays of 18 flights. All affected flights are between Amsterdam and other European destinations. Full Article
Air France KLM SA Launches Low Cost Medium Haul Flights
Reuters reported that Air France KLM SA has launched a low-cost service on its domestic and European flights. The Company will start offering one-way tickets to 58 French, European and North African cities at a price starting at EUR 49. Full Article
Air France KLM SA Hopes to Complete A350 Deal by End of Q1 2013-Reuters
Reuters reported that Air France KLM SA hopes to complete a long-delayed purchase of Airbus A350 long-range jets by the end of March 2013. Air France-KLM placed the provisional USD 7 billion order for 25 wide-bodied A350-900 passenger jets in September 2011 at the same time as ordering 25 Boeing 787 Dreamliners. Although the Boeing order has since been confirmed, the Airbus part of the deal remains incomplete because Air France-KLM and engine maker Rolls-Royce cannot agree over who should maintain the engines on the Airbus aircraft. Full Article
Air France KLM SA In Advanced Talks For Alitalia-Reuters
Reuters reported that Air France KLM SA is in advanced talks to take control of Italy's airline Alitalia by the summer, Rome's Messaggero newspaper reported on January 6, 2013. Alitalia is owned by CAI, a consortium of investors that bought the then-bankrupt airline in 2008. CAI is already partly owned by Air France-KLM. Alitalia's shareholders can exercise options to trade their shares when a lock-up period ends on January 12, 2013. Air France-KLM has offered shareholders a 20% premium on what they paid for the airline in 2008, the newspaper said, probably in Air France-KLM shares. CAI paid a little more than EUR1 billion to take over Alitalia five years ago. An Air France-KLM spokesman in Paris declined to comment on the report. Officials at Alitalia did not answer repeated phone calls. Full Article
Pilots at Air France KLM SA's Cityjet Plan Strike Action-Les Echos
Les Echos reported that pilots at Air France KLM SA's Cityjet have given notice of their intention to go on strike from December 24, 2012 in order to secure a meeting with the Group's management about the future of Cityjet. Full Article
Air France KLM SA To Cut 500-600 Jobs-DJ
Dow Jones reported that Air France KLM SA 's French division has confirmed plans that lead to the voluntary resignation of 500 to 600 cabin crew. The Company is to come up with proposals for the voluntary resignations of temporary and fixed employees to reduce the excess personnel. Full Article
Air France KLM SA Cancels Return Flights to European Destinations-DJ
Dow Jones reported that on December 7, 2012 Air France KLM SA is to cancel approximately 70 return flights due to the severe snowfall. This concerns certain flights of KLM and KLM cityhopper to European destinations. The passengers will have the possibility to book a reservation for later flights to the same destinations or to choose flights to different destinations, on a different date. In few cases, the costs of tickets will be wholly or partially refunded. Full Article
Emirates' arm buys Air France's stake in Italian catering venture
DUBAI, May 16 - Dnata, the airlines services arm of Emirates, has bought out Air France-KLM's stake in an Italian joint venture catering business, Dnata said in a statement on Thursday.
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