Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
KLM/NWA One Company?  
User currently offlineUA752 From United States of America, joined Jan 2001, 142 posts, RR: 2
Posted (11 years 3 months 2 weeks 10 hours ago) and read 1036 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, 677 posts, RR: 2
Reply 1, posted (11 years 3 months 2 weeks 10 hours ago) and read 1001 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 (11 years 3 months 2 weeks 9 hours ago) and read 976 times:

Thanks


User currently offlineZeus01 From United States of America, joined May 2001, 744 posts, RR: 2
Reply 3, posted (11 years 3 months 2 weeks 9 hours ago) and read 961 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, 538 posts, RR: 0
Reply 4, posted (11 years 3 months 2 weeks ago) and read 914 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 (11 years 3 months 1 week 6 days 17 hours ago) and read 885 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, 4149 posts, RR: 1
Reply 6, posted (11 years 3 months 1 week 6 days 16 hours ago) and read 871 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: 53
Reply 7, posted (11 years 3 months 1 week 6 days 15 hours ago) and read 856 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.
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Air France/KLM/Delta/Northwest - One Company? posted Fri Dec 16 2005 02:49:52 by Btriple7
KLM/NWA EWR Ops Question posted Mon Sep 18 2006 17:12:51 by AlitaliaMD11
KLM/NWA Cancels India Flights posted Sat Mar 22 2003 02:54:51 by United777
SAS, Swiss Joining KLM/NWA/CO Alliance. Possible? posted Mon Sep 23 2002 17:12:53 by Keesje
KLM/NWA Gone? posted Fri Sep 7 2001 18:50:10 by 767-332ER
KLM/NWA Food Experience? posted Wed Jul 4 2001 12:28:41 by Klmfan
Future Of KLM/NWA posted Tue Feb 13 2001 11:51:26 by NUair
If Boeing And EADS,BAE Became One Company posted Tue Dec 5 2000 08:53:45 by Boeing in pdx
DHL Worldwide Express Is Now One Company posted Fri Oct 6 2000 15:43:32 by N768DH
KLM/NWA To Close Transatlantic Routes? posted Sun Aug 22 1999 16:05:33 by Tripple7