November 9, 1995 |
With takeover speculation rumbling through the airline industry, KLM Royal Dutch Airlines on Wednesday sued Northwest Airlines executives in a power play to maintain its stake in the lucrative airline. The lawsuit is over a proposed Northwest takeover defense that would limit the stake of shareholders and allow mergers and other major transactions to be approved by a simple majority of board members. Northwest's so-called shareholder rights plan could force KLM to sell some of its 21.
July 14, 1994 |
KLM Royal Dutch Airlines runs one of the best but least-known hotels at Schiphol airport. Instead of silken sheets or caviar, its pampered guests are offered beds of fresh hay and diets of dog biscuits. This takes place at KLM Cargo's unique animal hotel, which has housed some of the world's most valuable creatures, from racehorses to rhinos, elephants and killer whales.
February 11, 1994 |
Northwest Airlines and KLM Royal Dutch Airlines will launch a new, shared business class service next week in a bid to lure high-fare passengers amid an industry price war, industry sources said Friday. Northwest, the nation's fourth largest airline, declined comment but said the carriers plan to announce "a significant expansion of our global alliance" at a news conference Tuesday. KLM could not be reached for comment.
August 16, 1993 |
A hostage pilot and steward escaped through the cockpit window of their commandeered Dutch airliner early today, dramatically ending an 11-hour standoff with an Arab hijacker demanding freedom for a Muslim cleric linked to the deadly World Trade Center bombing. Special police commandos stormed the KLM Boeing 737-400, which had been diverted to Duesseldorf, and overpowered the unidentified Egyptian hijacker at 2 a.m. (5 p.m.
August 15, 1993 |
Some people on this plane don't care where it's going. It is heading for Stockholm, but they would be just as happy going to Lisbon, Larnaca or Liverpool. Take Remco Rijkhals and Steven Peeters. They planned this journey weeks ago, but when they booked their tickets they had no idea where they would end up. "I'm just addicted to flying," said Rijkhals, 19. "I think it's great. The food is one of the high points. And I love airports. I'm just crazy about all of it."
May 1, 1993 |
The recent announcement that four mid-size European airlines plan to merge represents another major step on the way toward a long-overdue shakeout of Europe's fragmented air transport business. KLM Royal Dutch Airlines, Swissair, Austrian Airlines and Scandinavian Airlines System announced their intent to form a single company, jointly owned by the four. Together, they would become Europe's No. 2 carrier after British Airways; they would be the seventh-biggest in the world.
January 30, 1993 |
Northwest Airlines and KLM Royal Dutch Airlines on Friday announced reductions of up to 40% on discount fares to Europe--the first joint sale under their recently approved global partnership. The prices largely match a transatlantic sale started by Trans World Airlines, but also offer fares of between $70 and $100 for non-stop trips within Europe on KLM. Travelers must purchase at least three $100 coupons. Most other U.S.
November 17, 1992 |
The Department of Transportation Monday gave tentative antitrust clearance that would let KLM Royal Dutch Airlines and financially troubled Northwest Airlines Inc. operate as if they were a single airline. The DOT issued a show-cause order asking for comment on both sides of the issue but said that the proposed agreement between the two airlines appeared to benefit the public.
September 10, 1992 |
Northwest Airlines and KLM Royal Dutch Airlines asked the U.S. government Wednesday for permission to operate as though they were a single global airline. The two airlines asked the U.S. Department of Transportation to approve a marketing and commercial alliance that would integrate many of their operations. The airlines said they will also seek antitrust clearance for the agreement.
June 5, 1992 |
KLM Royal Dutch Airlines reported a profit for its March 31 fiscal year and restored its dividend after missing its payout the previous year. The Dutch flag carrier made a $69-million net profit in the year to March 31 after a loss of $348 million in the year before. Revenue rose to $4.37 billion from $3.62 billion.