Air France and KLM to Merge, Europe's No. 1 Airline

Article Abstract:

Air France and KLM Royal Dutch Airlines have announced they will merge to create the largest airline in Europe. The two will form a holding company to be known as Air France-KLM, but otherwise will be independently managed and will retain their distinct identities, with three core businesses, namely, passengers, freight and aircraft maintenance. The long-term impact may be to make the European airline industry more closely resemble that of the United States, where a smaller number of larger carriers compete on more routes and fares. Some experts predict the deal will cause growth on short flights of the new discount carriers, bringing added pressure to lower Europe's high air fares.

Strategy & planning, Netherlands, Forecasts, trends, outlooks, Organizational history, Labor Distribution by Employer, Analysis, Planning, Forecasts and trends, Acquisitions and mergers, Airlines, Holding companies, Statistics, Appointments, resignations and dismissals, Market trend/market analysis, KLM Royal Dutch Airlines, KLM, Company business planning, Organization formation, Air France KLM S.A., Spinetta, Jean-Cyril, van Wijk, Leo

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Italian concern is acquiring French Internet business

Article Abstract:

Italy's Tiscali will pay $615 million to acquire France's Internet service provider Liberty Surf. Tiscali, run by Renato Soru, is attempting to become the number two or three ISP in Europe by its recent attempt to purchase several small ISP companies. Tiscali hopes to consolidate a large part of the European ISP market which, till now, has been very fragmented, without a definite leader like America Online is in the US.

Asset sales & divestitures, Telegraph & other communications, Internet service providers, Tiscali S.p.A., Liberty Surf S.A.

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Irregularities Push Parmalat Closer To Insolvency

Article Abstract:

The Italian dairy company Parmalat may face insolvency after revealing that a finance unit in the Cayman Islands did not exist and did not have $5 billion in its bank account. This exposure of corporate fraud shows that European regulators and banks are not up to the task to prevent financial schemes that deceive financial institutions. Parmalat owns Archway cookies and dairies in the US.

Financial management, Finance, Dairy industry, Dairy products industry, Company financing, Parmalat S.p.A.

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