Air France KLM

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Price Euros
As of 12:56 31 Mar 2020
Market cap. Euros
2,195.89 million
As of 12:56 31 Mar 2020

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Airbus order

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Air France is buying 60 Airbus A220-300 aircraft, with an additional 30 purchase options and 30 acquisition rights.

The first aircraft should be delivered in September 2021.

"These decisions support the Air France-KLM Group's fleet competitiveness strategy," said Benjamin Smith, chief executive, of Air France KLM.

Rise in passenger numbers for Air France KLM

Air France and KLM planes

Air France KLM has reported a rise in its March passenger numbers compared with the previous year.

The airline said it carried 8.3 million passengers in March, up 3.4% from a year earlier.

However, Air France KLM's March passenger load factor dropped by 0.3 percentage points to 87.6%.

Air France KLM row continues

Air France and KLM aeroplanes

France is still upset with the Dutch government, which decided to suddenly buy a 14% stake in AirFrance-KLM on Tuesday.

The Netherlands government said it chose to buy the stake in order to "protect Dutch interests".

The Dutch now own a 14% stake in AirFrance-KLM, while France owns a 14.3% stake, which makes them almost equal.

"Between two states, which are friendly and close founding members of the European Union, such behaviour is unacceptable," French finance minister Bruno Le Maire told Public Senat television. "It's not reasonable to remain in this situation, which benefits nobody."

There had been concerns in early February that KLM boss Pieter Elbers would not be reappointed as chief executive of the Franco-Dutch airline holding company's division in the Netherlands.

In response, the Dutch government gave him its official backing, and KLM staff threatened to go on strike.

Netherlands is building stake in Air France-KLM-reports

The Air France-KLM group's new logo is pictured during the group's 2018 financial year presentation in Paris on February 20, 2019.
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The Dutch government has acquired a stake a 12.7% stake in the Air France-KLM holding group and aims to raise that to equal France's 14.3%, according to media reports.

The Netherland's move is aimed at increasing its influence in the carrier and protecting the country's economic interests, reports said.