KLM, BRITISH AIRWAYS CALL OFF MERGER TALKS
KLM Royal Dutch Airlines and British Airways said Thursday they will end talks on a possible combination of their businesses.
“We always recognized that this would be a complex transaction, involving not only commercial and economic issues, but also aeropolitical, regulatory and other matters,” said Leo van Wijk, chief executive of KLM and Rod Eddington, CEO of British Airways, in a combined statement. “Although we made considerable progress, it has not been possible to resolve these” issues.