49% of Servair, catering company, to Chinese investors, and a small percentage of Amadeus stock.
“With this transaction, Air France pursues the refocusing on its core businesses and its debt reduction strategy. The structure of the transaction will also enable Air France to account 50% of Servair’s net result using the equity method,” the company said.
http://atwonline.com/it-distributio...m=email&elq2=6ad9679b9980425e8e5fb42217bb2f4f
Yes, but (as I remember) once upon a time there was a company named Pan Am. Pan Am consisted of an airline, a luxury hotel chain, and a huge skyscraper in New York City. Well, the airline wasn't doing as well as they hoped; so, they sold the skyscraper one year and showed a profit. That didn't actually improve the airline's performance; so, they sold the hotel chain, and showed a profit. The following year all they had was the airline which was still losing money, and they went out of business. (It may not have happened exactly this way, but you get the gist.) Wonder if there is a parallel here with the AF-KLM actions?
“With this transaction, Air France pursues the refocusing on its core businesses and its debt reduction strategy. The structure of the transaction will also enable Air France to account 50% of Servair’s net result using the equity method,” the company said.
http://atwonline.com/it-distributio...m=email&elq2=6ad9679b9980425e8e5fb42217bb2f4f
Yes, but (as I remember) once upon a time there was a company named Pan Am. Pan Am consisted of an airline, a luxury hotel chain, and a huge skyscraper in New York City. Well, the airline wasn't doing as well as they hoped; so, they sold the skyscraper one year and showed a profit. That didn't actually improve the airline's performance; so, they sold the hotel chain, and showed a profit. The following year all they had was the airline which was still losing money, and they went out of business. (It may not have happened exactly this way, but you get the gist.) Wonder if there is a parallel here with the AF-KLM actions?
