(AFP) – Dec 24, 2007
BRUSSELS (AFP) — Aviation giant AirFrance-KLM is to buy out Belgium's VLM, a major regional airlines operating out of London City Airport, VLM said in a statement Monday.
The move would see VLM, which operates a fleet of 18 Fokker 50 aircraft and one BAE 146 and uses the British airport as a hub for most of its flights, link up with Air France subsidiary CityJet.
No financial details were released.
VLM chief Johan Vanneste said the move would "create value for our customers, as this transaction will ensure them access to the largest number of destinations from London City Airport."
"The strengths of the Air France-KLM group will provide the necessary support to take the development of VLM Airlines to the next level," he said.
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