AFRAF - Why The Dutch Bought Part Of Air France-KLM

Air France-KLM (OTCPK:AFRAF) probably is one of the best examples of a merger between airlines that has been looking like an unhappy marriage for years now. At the time Air France acquired KLM in 2004 (which was a buy out that looked more like a merger), KLM Royal Dutch Airlines was deemed too small to survive on its own on the longer term. As the companies merged, it was agreed on that both companies would maintain their separate identities and hubs which had huge economic importance. So, the airlines and their subsidiaries never