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Air France-KLM: Borne denies the possible acquisition of shares by France

French goal is avoid a confrontation with the Netherlands

The decision by the Dutch government to take over 14% of the shares of the Air France-KLM Group is destined to create a very long earthquake in relations with France and in the balance of the shareholders' meeting. Speaking to "France Info" the French Minister of Transport Elisabeth Borne has ruled out the possibility of increasing the participation of Paris over the current 14.3% also because "we want to avoid an escalation with the Netherlands". Not for this reason, however, the question will end here, because the same political exponent has stressed that "from Amsterdam must explain their strategy and their motivations that have led them to shell out the 744 million euros needed to buy the shares".

From the game between France and the Netherlands, however, those who could gain an advantage could be China Eastern Airlines and Delta, which both own 8.8%. Their shareholder presence could be a non-negligible balance because if combined with 14% Dutch or French would have the power, practically, to block any decision taken by the board. An increase in power of the "rivals" risks compromising the capabilities of Air France and KLM on an international scale as they could "get bogged down" in the political confrontation between the two respective governments.

M/A - 1219353

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