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Issue Overview

Air France-KLM’s Scandinavian Gambit

Air France-KLM’s Scandinavian Gambit

October 9th, 2023

20 min read

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Issue Summary

Air France-KLM isn’t kidding. It wants to participate in industry consolidation, as it’s emphasized repeatedly in recent earnings calls. Now it’s putting some money where its mouth is, striking a deal to buy a fifth of Scandanavia’s SAS, with a possibility of taking full control after two years.

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