Dutch state has acquired a 12.68% stake in the share capital of the Air France-KLM for c. €1bn. This acquisition occurs after discussions with all stakeholders including the Dutch state, and the unanimous approval by the Group of the managerial organization under the leadership of Group CEO Benjamin Smith, in a spirit of open dialogue and discussion. The Group was also ready to confirm to the Dutch government commitments to continue strengthening Schiphol's development as a European hub and to support KLM's development. “By becoming an Air France-KLM shareholder, the Dutch state shows its commitment to the success of the firm and supports management in its drive to improve the company’s performance,” the Dutch government said.