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Investing.com -- Air France KLM SA (OTC:AFLYY)’s CEO has stated that the company is open to considering TAP Portugal if the timing and conditions are favorable, with political discussions thus far being positive. The privatization timeline for TAP Portugal, however, will be determined by the Portuguese government.
The CEO also mentioned that the company has not yet discussed the matter with the European Commission, and it remains to be seen whether the attitude towards airline mergers will change under the new Commission. Air France KLM SA is also examining SkyTeam member Air Europa, according to the CEO.
The CEO further said that the company could meet the Portuguese requirements on brand, network, and jobs in TAP Portugal. The company’s current focus is on continued recovery, and it will consider dividends when the financial situation permits.
The CEO also commented on the costs at Schiphol, describing them as "preposterous" and indicating they will be passed onto customers. As for booking trends to or from the U.S., the CEO stated that there is currently no significant change.
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