KLM gains control of Martinair

Carrier secures 100% of shares

KLM Royal Dutch Airlines has taken full control of Martinair after the European Commission cleared the sale of Moller-Maersk Group’s 50% stake to the airline.

The EU's Competition Commissioner Neelie Kroes said she was now satisfied that the deal would not lessen competition on long-haul leisure flights from Amsterdam.

KLM President and CEO, Peter Hartman said: “The airline industry in general is experiencing turbulence, Martinair in particular. With the European Commission approval, economies of scale and synergies become available. Plans for the future of Martinair within the group will be developed in the coming period."

Source: Routes News

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