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:  AKH )
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2004 (by merger of Air France , founded in 1933 and KLM founded in 1919 )
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HQ in Roissy-Charles De Gaulle Airport , Paris , France
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Jean-Cyril Spinetta , Chairman and CEO<br> Leo Van Wijk , Vice-Chairman<br> Philippe Calavia , Vice President Finance<br> Pierre-Henri Gourgeon , Deputy CEO
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102,077 (as of 31 March 2005)
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Airline Industry
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Passenger flights ( Air France , KLM , Brit Air , Transaviacom , etc)<br>Cargo activity ( European Cargo House )<br>Aircraft maintenance <br>Catering ( Servair , etc)
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20876 billion Euro s (year ending 31 December 2005)<br>   ($25998 billion USD )
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]]
fleet at
Schiphol Airport ,
Amsterdam ]]
( company incorporated under French law with its headquarters at
Roissy-Charles De Gaulle Airport near
Paris . It is the largest airline company in the world in terms of total operating revenues, and the third largest in the world (the largest in Europe)
In Terms Of Passenger-kilometers . Air France-KLM was created by the mutually-agreed merger between
Air France and
Netherlands -based
KLM on
May 5 ,
2004 . Its CEO is
Jean-Cyril Spinetta , the former CEO of Air France.
Private shareholders own 81.4 percent of the company (37 percent owned by former Air France shareholders and 21 percent owned by former KLM shareholders), while the French government owns the remaining 18.6 percent. As a result of the deal, the French government's share of Air France had been reduced from 54.4 percent (of the former Air France) to 44 percent (of the current Air France-KLM). Its share was subsequently reduced again to 25 percent, and later to 18.6 percent. The merger has thus resulted, in effect, to the privatisation of Air France.
Both Air France and KLM continue to operate flights under their distinct brand names as subsidiaries of Air France-KLM. This situation may be subject to change in the future.
In the year ending , the second largest airline in the world in terms of operating revenues, had total operating revenues of US$18.64 billion in 2004, with a net loss of US$761 million.
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As of March 2005, Air France-KLM was operating 554 aircraft. At the time of the merger in May 2004, Air France and KLM combined offered flights to 225 destinations in the world. In the year ending March 21, 2003, the two companies combined transported 66.3 million passengers. Air France-KLM is member of the .
On October 2005, Air France Cargo and KLM Cargo, the two freight subsidaries of the group, announced a merge of their commercial activities. The Joint Cargo Management Team now operates the organisation worldwide from the Netherlands.
Air France-KLM operations rely on two major (''Roissy-Charles de Gaulle'') near Paris and
Schiphol Airport near Amsterdam.
Air France-KLM also holds a 2-percent stake in the Italian flag carrier
Alitalia (November 2005). The Italian Government reduced its holding in the struggling airline from 62 percent to 49 percent after a share issue which effectively meant it had surrendered control.
