AccorHotels closes Air France KLM file

Initially interested in acquiring a stake in the Air France KLM group, the management of AccorHotels has finally changed its mind.
Sébastien Bazin
Sébastien Bazin, Chairman of AccorHotels (DR)

So the project will not have made it through the summer... since the beginning of June, AccorHotels looked into the case ofAir France KLM. The French hotelier had even expressed its interest in a very official way, by way of a press release. Since then, the airline group has not really emerged from the turbulence that has persisted for several months, marked by the resignation of its CEOfollowing the failure of the "referendum" proposed by management.

the necessary conditions for a minority stake in Air France-KLM have not been met at this stage

With the publication of its half-year results, AccorHotels management decided to close the file. " The Group considers that the necessary conditions for acquiring a minority stake in Air France-KLM have not been met at this stage, and has therefore decided not to pursue this project. "states the press release published on 26 July. However, " AccorHotels remains convinced of the strong value-creation potential of a stronger association between hoteliers and airline partners "it says.