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AF-KLM mulls upping SAS stake, confirms Air Europa bid

Summary by Ch-Aviation

Air France-KLM is eager to increase its existing holding in SAS Scandinavian Airlines, while simultaneously bidding for a controlling stake in Air Europa, Reuters reports. CEO Ben Smith told the news agency the holding was seeking to boost its existing 19.9% holding in SAS as the carrier continues to meet certain benchmarks such as integration into the Skyteam alliance, of which Air France-KLM is also a member. The Franco-Dutch group retains the…

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airlinergs.com

Air France-KLM CEO confirms bid for Air Europa stake

Air France-KLM has confirmed the group is in talks for the potential acquisition of a stake in Air Europa. CEO Ben Smith told Reuters last week the group had met with Air Europa after reports emerged that both Air France-KLM and Lufthansa Group were interested in acquiring a stake in the Spanish carrier. These reports came after IAG withdrew its bid for a full takeover due to facing lengthy hurdles from EU antitrust regulators. IAG’s ownership o…

12 days ago

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