Panta Holdings to sell VLM Airlines to Air France-KLM

Panta Holdings B.V., owner of VLM Airlines, has reached an agreement on terms for the sale of VLM Airlines to Air France-KLM. VLM Airlines is one of Europe’s leading regional carriers catering principally for business travellers. The company operates a fleet of 18 Fokker 50 and one BAE 146. London City Airport is the hub for the majority of its flights and therefore VLM Airlines will actively cooperate with the regional carrier CityJet, a 100% subsidiary of Air France, which is already operating out of London City Airport.