EU and US antitrust regulators approve Air France/KLM merger.
The proposed merger between Air France and KLM Royal Dutch Airlines has reportedly been approved.
Both European Union and US antitrust investigators approved the merger on the condition that the airlines give up some landing slots. The carriers agreed to give up 94 single slots daily with each round trip accounting for four slots.
The airlines reportedly gave up more slots than they wanted, however they have retained all of their routes.
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|Publication:||Airline Industry Information|
|Date:||Feb 12, 2004|
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