Delta and Northwest under Chapter 11: no impact on Air France and KLM
Delta and Northwest have both filed for protection under Chapter 11 of the U.S.
This voluntary approach, which allows Delta and Northwest to address their financial challenges while continuing their transformation, will have no impact on their respective European partners Air France and KLM.
Delta and Northwest will continue to operate normally and will of course remain full members of SkyTeam. All agreements between Air France and Delta and between KLM and Northwest will remain intact. Air France customers can, as in the past, fly Delta-operated flights, code-shared under the AF/DL code. Similarly, KLM customers can continue to fly all KL/NW code-shared flights.
The information herein contains forward-looking statements about Air France-KLM and its business. These forward-looking statements, which include, but are not limited to, statements concerning the financial condition, results of operations and business of Air France-KLM are based on management’s current expectations and estimates. These forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are outside of Air France-KLM’s control and are difficult to predict, that may cause actual results to differ materially from any future results expressed or implied from the forward-looking statements. These statements are not guarantees of future performance and involve risks and uncertainties including, among others: the expected synergies and cost savings between Air France and KLM may not be achieved; unanticipated expenditures; changing relationships with customers, suppliers and strategic partners; increases in aircraft fuel prices; and other economic, business, competitive and/or regulatory factors affecting the businesses of Air France and KLM generally. Additional information regarding the factors and events that could cause differences between forward-looking statements and actual results in the future is contained in Air France’s and KLM’s Securities and Exchange Commission filings, including their Annual Reports on Form 20-F for the year ended March 31, 2005. Air France-KLM undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Bron : Air France-KLM