AccorHotels May Take Minority Stake in Air France-KLM

An Air France jet at JFK

AccorHotels said Monday it is considering taking a minority stake in Air France KLM.

“AccorHotels confirms having resumed its reflections on the matter, being at very early stage of assessing the feasibility and potential terms and conditions which will be discussed with Air France-KLM in due time,” the hotelier said in a statement.

The company spoke out after French newspaper Les Echos reported that the French government is considering the sale of its 14.3% stake in the airline and that AccorHotels was considering acquiring it.

AccorHotels has over 4,300 hotels in 100 countries and acquired Fairmont Raffles in 2016 and recently announced plans to purchase Mövenpick Hotels & Resorts.

Air France-KLM is a Franco-Dutch holding company that was formed the result of the 2004 merger between Air France and KLM.

(Photo: Accura Media Group)