Share article:
Share article:

Air France-KLM considers team up with Malaysia Airlines

© Belga

Air France-KLM is looking carefully at taking a 49% stake in ailing Malaysia Airlines, Reuters stated on Tuesday basing its story on sources close to the affair. The Malaysian government currently has several candidates in mind.

Kuala Lumpur is looking for a strategic partner for its airline company, which is only just recovering from the disappearances – still unexplained – of flight MH370 in 2014 and of flight MH17 shot down over Ukraine some months later.

Aside from the Franco-Dutch group, Japan Airlines also wants in on the act, with Reuters reporting the Japanese company would itself like a 25% share. AirAsia and Malindo Air, the Malaysian branch of the Indonesian group Lion Air, have also come into the reckoning, the negotiations now numbering five participants. Some proposals have however already been rejected, the Malaysian prime minister Mahathir Mohamad stated. His preference would be for foreign companies that would be able to utilise the country’s strategic position to develop their activities in Asia.

Malaysia Airlines concluded a local agreement last year with Japan Airlines, both companies being partners within the Oneworld alliance. Air France-KLM itself forms part of the rival SkyTeam.

The Brussels Times

Latest news

Brussels pharmacies report rush on rapid tests due to Covid Safe Ticket
Many pharmacists in Brussels have noticed a remarkable increase in the demand for Covid-19 tests this weekend, following the official expansion of ...
Students filmed naked on ULB campus given a warning
A group of students caught on camera mimicking sexual acts on the campus of the Université Libre de Bruxelles (ULB) have been issued an official ...
EU Digital Covid Certificate becomes an international success story
The European Commission adopted on Monday a report on the EU Digital Covid Certificate and its implementation across the EU. According to the ...
Belgian chocolatier agrees to $15 million settlement over misled consumers allegations
Internationally recognised Belgian chocolate manufacturer Godiva has reached a $15 million (€12.9 million) settlement after US consumers said they ...
‘Buying second home does not mean you are rich’: government disagrees on tax break
The Francophone liberal MR party and the Flemish socialist Vooruit party strongly disagree on the current scheme for tax benefits on people's second ...
EMA starts evaluating Pfizer vaccine for children over 5 years old
The European Medicines Agency (EMA) has started evaluating an application to extend the use of the Pfizer/BioNTech coronavirus vaccine to children ...
Energy prices: EU’s demand and supply dilemma in importing natural gas
The European Commission adopted last week a plan on how to tackle the rise in global energy prices in the short-term while relying on the transition ...
Tram line and cycle path to connect Brussels’ outskirts to airport
Works on a tram line connecting Brussels, the NATO headquarters and Brussels Airport in Zaventem, which could attract up to 10,000 passengers a day, ...
SKYFALL: European police complete counter-drone training in Antwerp
In a joint project between Belgium’s federal police and the Brussels Capital Ixelles Policing Area, 15 European police officers visited Antwerp to ...
Offshore wind farms could help reach climate neutrality by 2050
A study carried out by the Bureau fédérale du Plan (BFP) – an independent Belgian organisation that investigates questions of environmental and ...
Will Brussels bounce back?
The lockdowns have tested the city and forced it to confront key questions about its future. Derek Blyth looks back at an extraordinary moment in our ...
STIB launches free transport for Museum Night Fever this weekend
STIB buses will run between Brussels museums for free on Saturday night as part of the Museum Night Fever celebrations taking over the capital.  ...