British Airways, KLM confirm talks

Wednesday June 07 by Claudia bourneusatoday
British Airways and KLM Royal Dutch Airlines confirmed Wednesday that they have begun talks that could lead to a merger. If successful, an alliance would create the world's third-largest airline, behind United Airlines and American Airlines. The combined airline would be valued at more than $7.5 billion with a fleet of almost 600 aircraft, according to British press reports. British Airways cautioned that the talks were at a preliminary stage and might not result in a deal. A KLM spokeswoman said the talks could lead to a full-fledged merger, a takeover, an alliance or cooperation in specific operations. Such a deal would face significant regulatory hurdles.

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