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Air France-KLM Completes Acquisition Of 25 Percent Stake in AlitaliaMarch 25, 2009 By: Travel Agent Central Contributor
Following Air France-KLM's announcement on January 12, and the approval of the competition authorities, the Air France-KLM Group has today completed its acquisition of a 25 percent stake in Alitalia through the subscription to a reserved capital increase for an amount of some €323 million.
This strengthened partnership cemented by Air France-KLM's minority stake in Alitalia gives Air France-KLM greater access to the Italian market thanks to Alitalia, which, following its acquisition of Air One, has reinforced its position on the domestic market.