Independent journal on economy and transport policy
01:36 GMT+2
KLM, NORTHWEST EXTEND ALLIANCE FOR 10 MORE YEARS
(Shipping Times)
October 1, 1997
Accord ends 3-year dispute; expected to lead to closer cooperation
[NEW YORK]
Northwest Airlines Corp and KLM Royal Dutch Airlines NV signed an agreement that ends a three-year dispute and extends a profitable trans-Atlantic alliance for another decade.
The accord calls for Minneapolis-based Northwest to buy back the Dutch flag carrier's 19 per cent stake ...... Read more on Shipping Times
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