Panta Holdings to Sell VLM Airlines to Air France-KLM
Posted on: Wednesday, 26 December 2007, 06:00 CST
Panta Holdings, owner of VLM Airlines, has signed an agreement on terms for the sale of VLM Airlines to Air France-KLM.
VLM Airlines operates a fleet of 18 Fokker 50 and one BAE 146. London City Airport is the hub for the majority of its flights and therefore it will actively cooperate with the regional carrier CityJet, a 100% subsidiary of Air France, which is already operating out of London City Airport.
Jaap Rosen Jacobson, owner of Panta Holdings, said: "VLM Airlines is a jewel amongst the regional airlines. It has developed from a small airline into the most important player at London City Airport. I am proud about this development and even more about the exiting opportunities ahead for VLM Airlines under the wings of Air France-KLM."
Johan Vanneste, managing director of VLM Airlines, said: "I'm very excited that VLM Airlines will be part of the Air France - KLM group. It will create value for our customers, as this transaction will ensure them access to the largest number of destinations from London City Airport."
Source: Datamonitor
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