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AF/KLM Takes Minority Stake in Australia - 2009/01/14
ALITALIA and Air France/KLM have reached an agreement to launch a new strategic partnership, cemented by Air France/KLM taking a minority stake of 25% in Alitalia.
The agreement ends months of speculation and uncertainty and came on the last day of the Italian carrier’s operation as the "old" Alitalia.
The partnership will see Air France/KLM gaining greater access to the Italian market and Alitalia expanding its network and regaining its position in the international markets.
The Air France/KLM group will have three seats out of a total 19 on Alitalia’s board of directors and two seats out of nine making up the executive committee.
The partnership will be based on a multi-hub strategy in which Paris Charles-de-Gaulle, Amsterdam Schiphol, Rome Fiumicino and Milan Malpensa will feature on an equal basis.
Synergies deriving mainly from network optimisation and revenue management will be achieved over the next three years amounting to €720m for Alitalia and €90m for Air France/KLM.
The implementation of this agreement is subject to the approval of various competition authorities, including the EU and Alitalia shareholders.
Jeanette Phillips
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Shop 'til you drop in Dubai - 2009/01/14
THE 2009 annual Dubai Shopping Festival takes places between January 15 and February 15.
Highlights of this year’s event will include culinary delights, fireworks, float processions, artists and daily promotional activities that include prize draws.
Visitors to the festival also stand a chance to win an apartment in the Jumeirah Village.
Jeanette Phillips
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Tourists allowed at Tokyo fish auctions again - 2009/01/14
IN December last year the Tokyo local authorities temporarily banned tourists from attending the Tsukiji Fish Market pre-dawn tuna auctions due to incidents of visitors disrupting the proceedings. The ban will be lifted, and tourists will be able to watch the auctions from January 19, but there will be security guards in the area and onlookers will be requested to not touch the fish or take flash photographs.
This is according to Travelinfo’s City Alerts, a unique reference tool and global travel advisory guide that warns and informs. City Alerts covers the latest travel tips and information for over 300 cities in 161 countries.
To subscribe to this essential service, please contact Loulla Georgiades on 011 214 7317 or email loullag@nowmedia.co.za.
Gillian Matchett
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