Dutch government’s purchase of a stake in Air France-KLM – France on great shock

France got shocked as the Dutch government suddenly purchased a stake in Air France-KLM. This was in attempt to counter French influence. France has reacted frostily to this.

Shares in the airline company was down by 11% as the Netherlands government announced that it was acting to protect “Dutch interests”.

France owns a share of 14.3% and to match with this, the Dutch bought a stake of 14%. Bruno Le Maire, the French Finance Minister insisted that the company should be “managed without national public interference”.

Dutch finance minister, Wopke Hoekstra said “Buying this stake ensures we have a seat at the table,”. This indicated a desire to have more influence over Dutch economic interests and jobs, and the status of Schipol airport, in Amsterdam.

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