Air France-KLM found a "low-risk way" to participate in European airline consolidation with its SAS deal, even as it waits a bit longer for a chance at prize TAP Air Portugal.
Insiders sometimes privately ask if Ben Smith will be a short-timer at Air France-KLM. He is trying to bring big change to a company plagued by inertia. But change is happening. Let's see if Smith will have traction.
The Air France-KLM merger has been a textbook example of how hard it is to meld corporate cultures. But CEO Ben Smith isn't letting that deter him from taking a look at new acquisitions. Too soon?
KLM CEO Pieter Elbers is one of the most respected airline managers in the world. But KLM is not an independent airline and ultimately he should be accountable to group CEO Ben Smith.