Τελευταία νέα
HomeAviationBA – KLM end merger talks

BA – KLM end merger talks

British Airways<.> said last week it had ended talks over a possible takeover of KLM<.> Royal Dutch Airlines after…

British Airways<.> said last week it had ended talks over a possible takeover of KLM<.> Royal Dutch Airlines after the two failed to agree on the structure of a new joint airline.

British Airways chief executive Rod Eddington said that fundamental to the failure of the talks was that KLM appeared unhappy that BA, Europe`s largest airline, would control the merged entity.

It was our sense that they were uncomfortable that this would literally be a singe company and that we would have complete ownership and control, said Eddington, adding that KLM had made the initial merger approach to BA.

In a joint statement, the airlines said although they had made considerable progress since they began talks more than three months ago, they had not been unable to resolve financial, political and regulatory problems.

Although relations between the two parties remain amicable, we have had to decide to draw a line under these negotiations.

The two carriers had been facing several hurdles in the way of a deal, including competition concerns, strict regulations over international air rights, particularly in the United States, and price.

The two airlines had already started preliminary discussions with the European Commission over a possible deal.

But several European airlines had already lodged objections with the Commission and it was recently reported that the two carriers had not yet pinned down a price.

Co-Founder & Managing Director - Travel Media Applications | Website | + Posts

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.

09/02/2023
08/02/2023
07/02/2023
06/02/2023
03/02/2023
02/02/2023