This week the Dutch government spent nearly 800 mln community money to gain a 14% interest in airliner Air France-KLM. Stock prices tumbled over 10% following the announcement of the purchase. French government is furious.
The Dutch bought the shares secretly, without sharing its intentions with other shareholders and the French government. As a result, the French are likely to block another term for KLM-CEO Pieter Elbers.
A week ago Elbers mobilized 25.000 KLM-employees to plead for another four years of his presidency of the company. This convinced AFKL-CEO Ben Smith to promise Elbers a new term.