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UK Office Of Fair Trading Authorizes Acquisition Of VLM AirlinesOctober 27, 2008 By: Jena Tesse Fox
The UK Office of Fair Trading (UK Competition Authority) announced today that it has decided to clear the acquisition of VLM Airlines, a former subsidiary of the Dutch company Panta Holdings B.V. by the Air France KLM group.
VLM Airlines is a regional carrier that caters mainly to business travelers. The airline currently operates a fleet made up of Fokker 50s, primarily to and from its hub at London City Airport.
The clearance by the OFT opens the ways for a close cooperation between VLM Airlines and regional carrier CityJet, a subsidiary of Air France, already operating out of London City Airport.