The Netherlands will join the airline Air France-KLM and want to draw with France. The government in The Hague is seeking a stake on the level of the French government, informed the Dutch Minister of Finance Wopke Hoekstra.

Thus the influence on the business decisions of the company should be increased. “In the past years, has not been given to the Dutch interests in making important decisions for the group as a whole, enough weight”, – said the politician.

According to Hoekstras, the Dutch state has already purchased 12.7 percent of the shares in the airline in the value of 680 million Euro.

Ultimately wants to get the government in The Hague to a share of around 14 percent – which would then correspond to the participation of the French state, which holds, according to French media 14.3 percent of the Holding company. Prime Minister Mark Ruttehabe informed the President of the French Republic Emmanuel Macron on the step, according to the Dutch news Agency ANP.

group chief Executive Smith wants to trim Airlines low cost

Air France-KLM had earned despite a turbulent summer, with boss change and strikes in Europe in 2018. The bottom line is a profit was in the amount of 409 million euros and thus significantly more than in the previous year to 163 million, had communicated to the group recently.

In the past year, Air France-KLM increased its sales compared to the prior-year period thanks to higher ticket prices and better utilisation of aircraft by 2.5 percent to 26.5 billion euros. The Canadians, Benjamin Smith took over in September, the post of CEO of Air France-KLM. He followed the Frenchman Jean-Marc Janaillac, who had resigned against the Background of a salary dispute with French unions.

the group chief Smith wants to trim the aviation group, through better cooperation between its two major Airlines to lower costs. KLM CEO Pieter Elbers had resisted Smith’s integration plans. Last year, it had been rejected by the French Finance Minister, Bruno Le Maire, to reduce the French 14-percent share.