KLM aims to keep $1bn fleet renewal amid austerity measures
KLM Royal Dutch Airlines (KL, Amsterdam Schiphol) hopes to maintain its USD1 billion fleet renewal "as much as possible" despite announcing new austerity measures that include deferring new investments. Announced on October 3, the measures aim to enhance the Dutch flag carrier's operational and financial performance, targeting a EUR450 million euro (USD497 million) short-term improvement [...]