Interesting Articles & Background Information

Air France-KLM may reinvest in airline company Alitalia.

The company will need to write off a huge amount of their debt before Air France-KLM will consider investing. 

[“We won’t inject cash [into Alitalia] unless there are a lot of changes in operations and strategy,” said one person close to Air France-KLM, adding that, in these circumstances, the group could be interested in becoming the controlling shareholder in Alitalia. Air France-KLM and Alitalia declined to comment.]

See articles below for further information.

http://www.reuters.com/article/2014/01/23/us-airfranceklm-ceo-alitalia-idUSBREA0M0FL20140123

http://www.afr.com/p/business/companies/alitalia_job_cuts_plan_unlikely_adv1RVs4YD2Q1fKJuSS7zO

Air Flight 447

As many await news of the missing Malaysian plane we are sadly reminded of Air France-KLM's history. Air France Flight 477 - click on link for article. In June 2009, Air France's Airbus A330-203 crashed into the Atlantic Ocean resulting in the deaths of all 216 passenger and 12 crew members. The plane was missing for 5 days before some of the wreckage was located.

Business Class Beds

Air France-KLM installs beds into their business class to match their competition.

The upgrade will cost the company 200 million euros with an extra 50 million also allocated to improve first class.

"This is something we had to do," Chief Executive Officer Alexandre de Juniac said at a press briefing. "We are competing with big, powerful, global giants and we had to rise to the challenge ."

See article here. 

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