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KLM/NWA One Company?  
User currently offlineUA752 From United States of America, joined Jan 2001, 142 posts, RR: 2
Posted (12 years 5 months 1 week 6 days 6 hours ago) and read 1383 times:

Are KLM and NWA still two separately run companies or are they one giant conjoined bussiness?

7 replies: All unread, jump to last
 
User currently offlineHammer From United States of America, joined Jul 2001, 688 posts, RR: 2
Reply 1, posted (12 years 5 months 1 week 6 days 6 hours ago) and read 1348 times:

they are two companies...run by different people

User currently offlineUA752 From United States of America, joined Jan 2001, 142 posts, RR: 2
Reply 2, posted (12 years 5 months 1 week 6 days 5 hours ago) and read 1323 times:

Thanks


User currently offlineZeus01 From United States of America, joined May 2001, 744 posts, RR: 2
Reply 3, posted (12 years 5 months 1 week 6 days 5 hours ago) and read 1308 times:

Two companies, BUT:

NWA owns over 50% of the preffered stock, giving them a huge edge on electing who runs the company. THe have anti trust immunity though, allowing them to codeshare all their flights.


NW also owns a lot of preffered stock with Continental.


User currently offlineTripple7 From Netherlands, joined Aug 1999, 539 posts, RR: 0
Reply 4, posted (12 years 5 months 1 week 5 days 20 hours ago) and read 1261 times:

As far as I know....NW does not own any stock in KLM. If so, can you tell me when they got it?

tripple7


User currently offlineKeesje From , joined Dec 1969, posts, RR:
Reply 5, posted (12 years 5 months 1 week 5 days 13 hours ago) and read 1232 times:

KLM "owned" Northwest.

http://www.nwa.com/lb/corpinfo/newsc/reprintatw.shtml

"Despite the discord that led KLM to agree to divest its financial interest in Northwest last year, the investment has been a good one for the Dutch airline. Northwest will pay KLM $1.1 billion over the next three years to buy back its 19% stake."

Puts things in perspective ..

http://money.cnn.com/1999/05/04/europe/klm/

I think good personal & business relations can make an alliance work, not "owning" each other.




User currently offlineLj From Netherlands, joined Nov 1999, 4401 posts, RR: 0
Reply 6, posted (12 years 5 months 1 week 5 days 12 hours ago) and read 1218 times:

It's impossible that either KLM or NWA owns more than 25% in eachothers stock (regulations). However KLM doesn't own NWA stock and vice versa.

Moreover NWA doesn't own any preferred stock in CO as this has been converted into common stock (and the stake isn't very large as NWA sold a lot last year).

Regards
Laurens


User currently offlineTWFirst From Vatican City, joined Apr 2000, 6346 posts, RR: 52
Reply 7, posted (12 years 5 months 1 week 5 days 11 hours ago) and read 1203 times:

You are correct Lj. I believe NW owns no more than 5% of CO stock, and retains veto power over any potential CO merger.


An unexamined life isn't worth living.
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