UA752
Topic Author
Posts: 144
Joined: Mon Jan 08, 2001 3:30 pm

KLM/NWA One Company?

Wed Feb 13, 2002 9:17 am

Are KLM and NWA still two separately run companies or are they one giant conjoined bussiness?
 
hammer
Posts: 638
Joined: Wed Jul 11, 2001 9:02 am

RE: KLM/NWA One Company?

Wed Feb 13, 2002 9:19 am

they are two companies...run by different people
 
UA752
Topic Author
Posts: 144
Joined: Mon Jan 08, 2001 3:30 pm

RE: KLM/NWA One Company?

Wed Feb 13, 2002 9:51 am

Thanks
 
zeus01
Posts: 705
Joined: Tue May 08, 2001 11:06 am

RE: KLM/NWA One Company?

Wed Feb 13, 2002 10:26 am

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.
 
tripple7
Posts: 510
Joined: Sun Aug 22, 1999 8:53 pm

RE: KLM/NWA One Company?

Wed Feb 13, 2002 7:23 pm

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 avatar
keesje
Posts: 9078
Joined: Thu Apr 12, 2001 2:08 am

RE: KLM/NWA One Company?

Thu Feb 14, 2002 2:04 am

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.


"Never mistake motion for action." Ernest Hemingway
 
LJ
Posts: 4147
Joined: Wed Nov 17, 1999 8:28 pm

RE: KLM/NWA One Company?

Thu Feb 14, 2002 3:25 am

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
 
TWFirst
Posts: 5752
Joined: Wed Apr 19, 2000 5:30 am

RE: Lj

Thu Feb 14, 2002 3:53 am

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