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April 29, 2020 KLM Royal Dutch Airlines has reportedly taken into account the possibility that the coronavirus crisis and the separate financial backings from both the French and Dutch governments for Air France and KLM could lead to the deterioration of the Air France-KLM merger (Financieele Dagblad, 27-Apr-2020). As previously reported by CAPA, Air France-KLM has received a combined commitment of up to EUR11 billion, with EUR7 billion for Air France and up to EUR4 billion for KLM. https://blueswandaily.com/klm-considers-coronavirus-crisis-could-lead-to-the-end-of-af-klm-merger-repo
As the bond rate inversion curve appeared on 14-Aug-2019 in the US and the UK, Wall Street headed rapidly south. A number of other countries have already this experienced inversion for a while. And in Germany, the world’s fourth largest economy, GDP growth rate went into reverse in 2Q2019. Does this mean recession is coming, or even imminent? Air freight numbers have been steadily falling for nearly a year. They used to be good forward indicators of where the world economy is headed, but not so much in recent years. Passenger traffic growth too has slowed markedly in the past year. Globa
Insiders sometimes privately ask if Ben Smith will be a short-timer at Air France-KLM. He is trying to bring big change to a company plagued by inertia. But change is happening. Let’s see if Smith will have traction. — Brian Sumers After Ben Smith became CEO of Air France-KLM last year, he looked at Air France’s Africa network, one of the company’s jewels. France no longer rules much of the continent, but Air France retains air rights other airlines covet. Smith didn’t like what he saw. In his previous job, as chief operating officer of Air Canada, he preferred simplicity and consistency,