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BRITISH AIRWAYS AND KLM CONFIRM PARTNERSHIP NEGOTIATIONS

News, 07 June 2000


British Airways will today confirm that it is entering into formal partnership negotiations with the Dutch national flag carrier KLM. If the talks eventually lead to a merger or alliance, it will create Europe’s largest airline and the world’s third largest (after United Airlines and American Airlines).

KLM's share price rose nearly 7% after news of the talks became public [WAMN, 5-Jun-00]; UK investors were less enthusiastic and responded by downgrading BA's share price by just under 4%.

News source: Financial Times