Air France-KLM
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| Société anonyme | |
| Traded as |
Euronext: AF OTCQX: |
| Industry | Aviation |
| Founded | 2004 |
| Headquarters | Tremblay-en-France, France |
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Key people
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| Products | |
| Services | Airline services |
| Revenue |
 €26.062 billion (2015)
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€26.059 billion (2015)
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| Profit |
€157 million (2015)
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| Total assets |
€23.335 billion (2015)
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| Total equity |
 €632 million (2014)
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Number of employees
|
96,417 (2015) |
| Website | www |
Air France–KLM is a Franco-Dutch airline holding company incorporated under French law with its headquarters at Charles de Gaulle Airport in Tremblay-en-France, near Paris. The group has offices in Montreuil, Seine-Saint-Denis, Paris, and in Amstelveen, Netherlands. Air France–KLM is the result of the merger in 2004 between Air France and KLM. Both Air France and KLM are members of the SkyTeam airline alliance. The company's namesake airlines rely on two major hubs, Amsterdam Airport Schiphol and Paris–Charles de Gaulle Airport. Air France–KLM Airlines transported 87.3 million passengers in 2014.
Air France–KLM was created by the mutually agreed merger between Air France and Netherlands-based KLM on 5 May 2004. As a result of the deal, the French government's share of Air France was reduced from 54.4% (of the former Air France) to 44% (of the combined airline). Its share was subsequently reduced to 25%, and later to 17.6%. At the time of the merger in May 2004, Air France and KLM combined offered flights to 225 destinations in the world. In the year ending 21 March 2003, the two companies combined transported 66.3 million passengers.
In October 2005, Air France Cargo and KLM Cargo, the two freight subsidiaries of the group, merged their commercial activities. The Joint Cargo Management Team now operates the organisation worldwide from the Netherlands.
In a 2007 opening for a majority takeover of the loss-generating Alitalia, Air France–KLM was one of three bidders, and was favoured by the board of Alitalia. However, on 2 April 2008, it was reported that negotiations have been abandoned. After the acquisition of Alitalia and Air One by Compagnia Aerea Italiana on 12 December 2008, Air France–KLM was interested once again in purchasing a participation in the new merged company. On 12 January 2009, Air France–KLM bought a 25% share in this company for €323 million.
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