Air France-KLM to put cargo division, including Martinair, up for sale
Air France KLM is set to put its full freighter cargo division, which includes Martinair, up for sale, Dutch financial daily De Financieele Telegraaf reported, citing well informed industry sources. KLM has not confirmed the matter yet, but said a decision will be taken this month.
According to the report, Goldman Sachs has been appointed to find a buyer. It is also expected that the whole cargo division would have to move to France, the report said.
Air France KLM's passenger flights in Europe, which includes Transavia, are also a cause of concern for the airline, as its results continue to be negative.
Abu Dhabi's Etihad had previously expressed interest in buying parts of KLM, including Martinair, but could not confirm the matter when the paper got in touch yesterday, the item said.
Source De Financieele Telegraaf