“Serve China! Serve The World!”, MORNING INT’L FREIGHT means quality, flexibility and reliability.

Useful informations

China holiday in 2009:
New Year's Day: 01.Jan.09 to 03.Jan.09 working 04.Jan.09
Spring Festival: 25.Jan.09 to 31.Jan.09 working 24.Jan.09 and 01.Feb.09
Ching Ming Festival: 04.Apr.09 to 06.Apr.09
Labor Day: 01.May.09 to 03.May.09
Dragon Boat Festival: 28.May.09 to 30.May.09 working 31.May.09
National Day & Mid-Autumn Festival: 01.Oct.09 to 08.Oct.09 working 27.Sep.09 and 10.Oct.09

http://www.iccwbo.org
http://www.xe.com
http://www.ccc-cn.org
http://www.hscode.net
http://www.pactl.com
http://www.hactl.com


Morning International Freight Co., Ltd.				About us	Contact

Company news

KLM Gets Second Chance For Alitalia Strategy

Published on 2009-02-18 being readed 1470 times

In a deja-vu move for KLM, the Air France-KLM Group has won out against Lufthansa to pledge Euro 323 million ($432 million) for a 25 percent stake and two Executive Committee seats in a new Alitalia.

Alitalia’s bankruptcy administrator Augusto Fantozzi set a Jan. 29 deadline for bids on the former airline’s cargo business - which had a loss of $20.8 million in 2007 - and its five MD-11 freighters which remained grounded pending the outcome.

The addition of Alitalia to the French/Dutch airline group provides for a multi-hub passenger strategy around Paris, Amsterdam, Rome and Milan. Yet back in April 2000, KLM announced that its "strategic partnership" with Alitalia, which had begun 18 months earlier with cargo, was now over with KLM citing - at least publicly - that it couldn’t make Milan work as a second hub.

Now Air France-KLM say the synergies derived from overall network optimization and revenue management over the next three years "should amount to some 720 million euro." This echoes the original strategy begun in the last Millenium.

Alitalia CEO Rocco Sabelli said of the new deal: "This is a highly innovative and ambitious alliance with important industrial implications. The agreement offers growth for Alitalia, increased competitiveness for Italy and an effective service for all Italian air travellers."

Pierre-Henri Gourgeon, Chief Executive Officer of Air France-KLM added: "In view of the many challenges facing our sector, strengthened cooperation is more than ever a necessity between carriers and we have now made a further step towards this."

In addition to the Italian Air company (CAI) investors and Air France-KLM, shareholders in the new Alitalia include the Benetton Group, a representative of Italy’s employers association, Pirelli and the Intesa Sanpaolo bank.