SAS, the Scandinavian airline, on Monday launched a NKr1.13bn ($125m) takeover of struggling rival Braathens, which would effectively create a monopoly in the Norwegian domestic air travel market. SAS has agreed to buy out the airline’s two biggest shareholders – the Braathens family, which holds 38.8 per cent, and Dutch airline KLM, which has a 30 per cent stake.
Read MoreFreight & passenger volumes through Schiphol airport 1991-2000
Co-Act project information
KLM Royal Dutch Airlines reported operating income of EUR 277 million for the fiscal year ending on March 31, 2001, almost three times as much as the EUR 95 million it posted in previous year.
Read MoreThe Indonesian goverment and the UN Transitional Administration in East Timor agreed to further discuss their cooperation agreement on mail services and air passage.
Read MoreGeoff Formstone – International mail tariffs are subject to three areas of cost:
Costs incurred in origin country; International transportation; Costs incurred in destination country.
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