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French Government Selling 17.7% Stake In AF-KLM  
User currently offlineSHUPirate1 From United States of America, joined Sep 2003, 3670 posts, RR: 16
Posted (10 years 1 week 3 days 10 hours ago) and read 2359 times:

I just heard this on CNBC World...will post more information as I find it...they are using the proceeds to pay down the national debt...maybe something our government should pay attention to...


Burma's constitutional referendum options: A. Yes, B. Go to Insein Prison!
6 replies: All unread, jump to last
 
User currently offlineAlanUK From , joined Dec 1969, posts, RR:
Reply 1, posted (10 years 1 week 3 days 10 hours ago) and read 2347 times:

Yes, I have read the article on an intranet website, but am trying to find a link to a public site... It's about time France's government let AF fly freely.

Now that they have bought them nice new planes, bought them KLM, and killed off almost all direct competition on their territories, AFKLM is ready to compete on its own!

What the french get away with I'm telling you!  Insane


User currently offlineSHUPirate1 From United States of America, joined Sep 2003, 3670 posts, RR: 16
Reply 2, posted (10 years 1 week 3 days 10 hours ago) and read 2339 times:

http://framehosting.dowjonesnews.com/story/index.asp?StoryID=2004120910280004&Take=2&QF=&Loc=W&UID={0BC853D0-6C8B-4760-B4B8-1FB514EE0981}&CLS=1043325806

Apparently the French government will still have about a 26% stake in the holding corporation that owns both Air France and KLM after the sale.

[Edited 2004-12-09 12:15:54]


Burma's constitutional referendum options: A. Yes, B. Go to Insein Prison!
User currently offlineSpantax From Belgium, joined Nov 2004, 324 posts, RR: 1
Reply 3, posted (10 years 1 week 3 days 10 hours ago) and read 2326 times:

From "Le Monde" (only in French). The State gets $ 953 million with the operation. But why do the French State still keeps around 27% of the stakes in the company is a mystery for me. This stupid "grandeur de la France" !


A300.10.19.20.21.30.40,AN26,ATR42,AVR146,B717.27.37.47.57.77,B1900,C130,C212,CH47,CRJ200.700,DC9,DHC4,ERJ135.190,F27
User currently offlineScotron11 From United Kingdom, joined Feb 2004, 1178 posts, RR: 3
Reply 4, posted (10 years 1 week 3 days 9 hours ago) and read 2304 times:

ditto the Italians...same story with AZ.

User currently offlineLeskova From Germany, joined Oct 2003, 6075 posts, RR: 70
Reply 5, posted (10 years 1 week 3 days 7 hours ago) and read 2264 times:

I'd say that the retention of 27% by the French state has nothing to do with "grandeur de la France" - it probably just has something to do with the French not wanting to put the complete rest of Air France out for sale immediately: they probably expect that they'll be able to make more money if they sell the rest, either in one piece or in several steps, somewhere down the line.

I'd not call that stupid, but smart.

And regarding AZ - the plain and obvious difference between the two is that AF could very well survive without state holdings... but I seriously doubt AZ could - and that's aside from the fact that the unions at AZ would probably try to prevent a privatisation by strike...

Regards,
Frank



Smile - it confuses people!
User currently offlineRaivavae From France, joined Jul 2001, 82 posts, RR: 0
Reply 6, posted (10 years 1 week 3 days 7 hours ago) and read 2244 times:

smart comment Leskova!

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