Dutch take stake in Air France KLM to counter French influence

The Dutch government will take a stake in Air France KLM equal to that of the Fr...

THE HAGUE - The Dutch government will take a stake in Air France KLM equal to that of the French government in order to increase its influence in the carrier’s operations, Dutch Finance Minister Wopke Hoekstra said on Tuesday.

Hoekstra said the state had already taken a 12.7 percent stake for 680 million euros and aimed to increase that to about 14 percent. The French government holds 14.29 percent. “In our view, possible consequences for Dutch public interests are not given enough consideration in the current set-up.” Elbers’ reappointment was confirmed ahead of the group’s full-year earnings presentation on Feb. 20, at which Smith also announced plans for further coordination of the airlines’ fleets and networks.

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