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Alitalia and KLM alliance joint venture to commence

Alitalia<.> and KLM<.> announce that effective November 1, 1999, their Global Joint Ventures will be operational under a unified management structure.
The Passenger and Cargo Joint Ventures will be governed by a single Alliance Committee, subject to the existing statutory powers of the statutory bodies of KLM and Alitalia. The Alliance Committee will focus on the formation of joint visions, policies and guidelines, and will act as an interface between the Managing Directors of the Joint Ventures and the statutory bodies of the individual airlines.
Although there are still a few issues outstanding with respect to certain conditions set at the time of signing of the Master Cooperation Agreement and the Settlement Agreement, the companies have decided that the Master Cooperation Agreement will be effective as of November 1 as scheduled since they are confident that these matters will be resolved in the early part of the year 2000. Relevant stakeholders have given their consent in this respect.
Implementation priorities will focus on securing results, managing risks, integration of organizations, and aligning brands.
The companies are pleased to announce that the Managing Directors who will lead the Cargo Joint Venture and the Passenger Joint Venture have been appointed.
Herry Essenberg, KLM Royal Dutch Airlines, currently EVP, Network Organizer has been appointed Managing Director of the Passenger Joint Venture. The Management Office of the Passenger Joint Venture will be located in Rome.
The Passenger Joint Venture, which will result in the full integration of both companies` global networks, revolving around the three hubs of Amsterdam Airport, Milan Malpensa, and Rome Fiumicino, will in effect be the single largest airline in Europe in terms of passengers carried. Alitalia and KLM serve more than 200 destinations and transport more than 40 million passenger a year. Together with their partners KLM and Alitalia serve more than 500 destination in 90 countries.
Mario Pascucci, currently VP Alitalia Cargo has been appointed Managing Director of the Cargo Joint Venture. The Management Office of the Cargo Joint Venture will be located at Amsterdam Schiphol, one of the world`s largest cargo transfer airports.
The Cargo Joint Venture aims to become a leading provider of total air logistics, with one of the world`s strongest distribution systems. Effective November 1, the companies will offer a fully integrated schedule of all their cargo activities and operations. Alitalia Cargo and KLM Cargo will strengthen their global air freight network based on the two hubs, Milan Malpensa and Amsterdam Schiphol. Alitalia Cargo and KLM Cargo serve more that 200 destinations. The cargo alliance will be second largest of its kind in the world. Together with their partners Alitalia Cargo and KLM Cargo serve more than 500 destinations in 90 countries….

Alitalia<.> and KLM<.> announce that effective November 1, 1999, their Global Joint Ventures will be operational under a unified management structure.

The Passenger and Cargo Joint Ventures will be governed by a single Alliance Committee, subject to the existing statutory powers of the statutory bodies of KLM and Alitalia. The Alliance Committee will focus on the formation of joint visions, policies and guidelines, and will act as an interface between the Managing Directors of the Joint Ventures and the statutory bodies of the individual airlines.

Although there are still a few issues outstanding with respect to certain conditions set at the time of signing of the Master Cooperation Agreement and the Settlement Agreement, the companies have decided that the Master Cooperation Agreement will be effective as of November 1 as scheduled since they are confident that these matters will be resolved in the early part of the year 2000. Relevant stakeholders have given their consent in this respect.

Implementation priorities will focus on securing results, managing risks, integration of organizations, and aligning brands.

The companies are pleased to announce that the Managing Directors who will lead the Cargo Joint Venture and the Passenger Joint Venture have been appointed.

Herry Essenberg, KLM Royal Dutch Airlines, currently EVP, Network Organizer has been appointed Managing Director of the Passenger Joint Venture. The Management Office of the Passenger Joint Venture will be located in Rome.

The Passenger Joint Venture, which will result in the full integration of both companies` global networks, revolving around the three hubs of Amsterdam Airport, Milan Malpensa, and Rome Fiumicino, will in effect be the single largest airline in Europe in terms of passengers carried. Alitalia and KLM serve more than 200 destinations and transport more than 40 million passenger a year. Together with their partners KLM and Alitalia serve more than 500 destination in 90 countries.

Mario Pascucci, currently VP Alitalia Cargo has been appointed Managing Director of the Cargo Joint Venture. The Management Office of the Cargo Joint Venture will be located at Amsterdam Schiphol, one of the world`s largest cargo transfer airports.

The Cargo Joint Venture aims to become a leading provider of total air logistics, with one of the world`s strongest distribution systems. Effective November 1, the companies will offer a fully integrated schedule of all their cargo activities and operations. Alitalia Cargo and KLM Cargo will strengthen their global air freight network based on the two hubs, Milan Malpensa and Amsterdam Schiphol. Alitalia Cargo and KLM Cargo serve more that 200 destinations. The cargo alliance will be second largest of its kind in the world. Together with their partners Alitalia Cargo and KLM Cargo serve more than 500 destinations in 90 countries.

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