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Air France-KLM announces acquisition of VLM Airlines

Air France-KLM announces acquisition of VLM Airlines

Air France-KLM said Monday it has reached an agreement to acquire European regional carrier VLM Airlines.
In a statement, Air France-KLM said the Belgium-based carrier, which operates largely out of London City Airport, would "actively cooperate" with CityJet, an Air France-KLM-owned regional carrier that also operates out of London City.
The financial details of the transaction were not disclosed.
CityJet Chief Executive Geoffrey O'Brian-White welcomed the deal. In the statement, he was quoted as saying VLM and CityJet's "networks are highly complementary and the new combined network will link London City with major European business and financial centers."
VLM Airlines, which operates a fleet of 18 Fokker 50 and one BAE 146 and caters mainly to business travelers, is owned by Holland's Panta Holdings B.V., the statement said.
The acquisition comes on the heels of a recent Air France-KLM offer to acquire Italy's ailing state-controlled carrier Alitalia. Last week, Alitalia's board unanimously named the airline as its preferred bidder. The Italian government is studying the proposal.


Updated : 2021-04-23 23:45 GMT+08:00