Accor considers stake in AF/KLM

Accor considers stake in AF/KLM

ACCORHOTELS has confirmed it is considering the potential acquisition of a minority stake in Air France-KLM.

The hospitality giant said over the past years the companies had held talks with a view to developing joint digital projects, as well as a joint loyalty and services platform.

“The aim was for both these world leaders in the travel space to offer their customers an enriched global range of mobility services,” AccorHotels said.

In a statement issued this week AccorHotels said it had “resumed its reflections on the matter” and was at the “very early stage of assessing the feasibility and potential terms and conditions which will be discussed with Air France-KLM in due time”.

The company said there was no certainty the initiatives would lead to any agreement.

Source: traveldaily