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News Breaks
January 7, 2013
06:16 EDTAFLYYAir France-KLM says it's not buying Alitalia, Reuters reports
Air France-KLM (AFLYY) denied a report in Il Messaggero that it was in advanced talks to buy out Italian investors in Alitalia and take control of the airline, reports Reuters. The paper reported that Air France-KLM, which has held 25% of Alitalia since January 2009, would offer remaining shareholders a 20% premium on what they paid in 2008. Reference Link
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October 21, 2014
06:08 EDTAFLYYAir France, Delta, Alitalia look to resolve EC investigation
The European Commission has invited interested third parties to comment on commitments proposed by Air France (AFLYY), Alitalia and Delta (DAL) to address concerns that their transatlantic cooperation may harm competition for premium passengers on the Paris-New York route and for all passengers on the Amsterdam-New York and Rome-New York routes, in breach of EU antitrust rules. The three airlines have offered to make landing and take-off slots available at both ends of the Amsterdam-New York and Rome-New York routes to facilitate the market entry of competitors. They are also prepared to enter into agreements which would enable competitors to offer tickets on their flights and facilitate access to connecting traffic, as well as to provide access to their frequent flyer programs on all three routes. If the market test confirms that the proposed commitments remedy the competition concerns, the Commission may make them legally binding on the companies. At this stage, the Commission has concerns that the extensive cooperation between Air France/KLM, Alitalia and Delta in the framework of the Skyteam alliance, involving profit-sharing and the joint management of schedules, pricing and capacity, may result in higher prices on the following routes: Paris-New York, Amsterdam-New York and Rome-New York. The parties have jointly offered a set of commitments, to alleviate the Commission's concerns. The commitments are primarily aimed at enabling competing airlines to start operating or extend existing operations on the affected routes by lowering barriers to entry or expansion. The airlines offered to make available landing and take-off slots at Amsterdam, Rome and/or New York John F. Kennedy/Newark Liberty airports on the Amsterdam-New York and Rome-New York routes. The companies committed to enter into fare combinability and special prorate agreements with competitors who start operating new non-stop services or increase their non-stop services on the three routes. For Paris-New York, this also applies to existing non-stop competitors on the route.
October 16, 2014
12:38 EDTAFLYYAir France strikes deal with representative pilot unions
Air France and the representative pilot unions have reached a draft agreement concerning the development of Transavia France. The development of Transavia France beyond 14 Boeing 737 will be assured as from summer 2015 in order to accelerate the groupís development on the rapidly-expanding leisure market, and Air France pilots flying for Transavia will retain some special benefits. Reference Link
October 13, 2014
06:50 EDTAFLYYReport: Air France-KLM to push ahead with low-cost brand in France, Reuters says
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