国君交运团队翻译。如有错漏，请以英文原文为准。
Air France-KLM expands its alliancesbetween the North Atlantic, Europe and Asia, and affirms its position in theworldwide airline industry（27th July 2017）
法荷航在北大西洋、欧洲、亚洲拓展联盟，确立其在全球航空业的地位（2017年7月27日）
Air France-KLM today announces a further majorstep in the strengthening of its strategic partnerships with, firstly, thecreation of a single global joint-venture between Air France-KLM, Delta AirLines (Delta) and Virgin Atlantic and, secondly, the strengthening of its partnershipwith China Eastern Airlines (China Eastern). These two commercial allianceswill be strengthened by equity investments:
法荷航今日宣布，其在加强与战略伙伴的合作关系上迈出重要一步：第一，与达美航空、维珍航空共同达成全球联营；第二，加强与东方航空的伙伴关系。这两个商业联盟将由下列股权投资实现:
-
Air France-KLM will acquire VirginGroup’s 31% stake in Virgin Atlantic for around £220 million.
-
法荷航将以2.2亿英镑的价格，从维珍集团购买维珍航空31%的股权。
-
Delta and China Eastern willeach acquire a 10% stake in Air France-KLM by subscribing new shares throughcapital increases totalling €751 million.
-
达美航空和中国东航集团（译者注：集团公司。下同）将斥资7.51亿欧元，以购买新股的方式，各自获得法荷航10%的股权。
The strategic, commercial and capitalistic reinforcement of thesepartnerships will position Air France-KLM as the European pillar of the leadingglobal airline network.
此次战略性、商业性、资本性的合作巩固，将使得法荷航成为国际航空网络在欧洲的中流砥柱。
At the heart of the most global partnership in the airline industry
航空业最具国际化的伙伴关系的核心思想
AirFrance-KLM, Delta and Virgin Atlantic today signed a Memorandum ofUnderstanding laying the foundations for a future combination of the existingjoint-ventures between firstly Air France-KLM, Delta and Alitalia, and secondlybetween Delta and Virgin Atlantic, within a single joint-venture. This step willmark the expansion and strengtheningof one of the most advanced partnership modelsin the airline industry. Subject to the signature of the definitive agreementsand the approval of the relevant regulatory authorities, this joint-venturewill enable the Group to:
法荷航、达美航空、维珍航空今天签署了一份谅解备忘录，为未来将两个现存的联营合并奠定了基础。这两个现存的联营，一个是法荷航、达美航空、意大利航空之间的；另一个是达美与维珍航空之间的。这标志着拥有航空业最先进的伙伴合作模式之一的联盟，合作关系的拓展和巩固。根据此次签署的最终协议以及相关监管机构的许可，此次联营将能够让集团：
-
Offercustomers an unrivaled proposition on the trans-Atlantic axis,
-
在跨大西洋线上为顾客提供不二之选
-
Drivethe capacity growth of the partners,
-
带来合作伙伴运力的增长
-
Createan associate partner status enabling the inclusion of other players at a laterstage,
-
为后续阶段其他伙伴的加入创造可能
-
Establisha partnership over a 15-year period,
-
建立一个长达15年的伙伴关系
-
Generatesignificant synergies within the joint-venture thanks to new code sharesto/from London, sales coordination, the extended partnership and cost savings.
-
利用伦敦航线代码共享、联合销售、成本节约，在联营中产生显著的协同效应
The creation of this joint-venture will thus consolidate Air France-KLM’sleadership position in the North-American and European markets with the largestairline network articulated around twelve powerful hubs on both sides of theAtlantic: Amsterdam, Atlanta, Boston, Cincinnati, Detroit, Los Angeles, LondonHeathrow, Minneapolis-St Paul, New York-JFK, Paris-CDG, Salt Lake City andSeattle.
此次联营将巩固法荷航在北美及欧洲市场的领导地位，其在大西洋两岸拥有最大的航空网络，包括12个具有竞争力的枢纽：阿姆斯特丹、亚特兰大、波士顿、辛辛那提、底特律、洛杉矶、伦敦希斯罗、明尼阿波利斯-圣保罗、纽约肯尼迪、巴黎夏尔·戴高乐、盐湖城、西雅图。
In parallel, Air France-KLM and China Eastern will step up their commercialcooperation and reinforce their partnership within the framework of theexisting joint-venture, to:
与此同时，法荷航与东方航空
（译者注：上市公司。下同）
将加速商业合作，在以下合作框架基础上巩固他们的联营：
-
Secureand reinforce Air France-KLM’s presence in the Chinese market thanks to along-term partnership.
-
利用长期合作关系保障和加强法荷航在中国的竞争力
-
GiveAir France-KLM a European leadership position on Shanghai, the main businessmarket in China.
-
使法荷航在上海——这一中国重要的商业市场，占据领导地位
-
Improvethe services for our customers.
-
提升对我们客户的服务水平
-
Enableincreased cooperation in terms of the network, pricing and operationalsynergies
-
使网络、定价、运营协同这些方面的合作加强成为可能
The strengthening of this cooperation will take place in accordance withthe partnership strategy of Delta, which already holds a 3.22% stake in ChinaEastern Airlines Corporation Limited. This cooperation does not call intoquestion the current joint-ventures between the Air France-KLM Group and ChinaSouthern.
此次合作的加强也将达成与达美航空的战略伙伴关系，达美航空已经持有东方航空3.22%的股权，与达美的合作不会影响法荷航与东方航空的联营。
All of these agreements with Delta, VirginAtlantic and China Eastern Airlines will enable Air France-KLM to offer itscustomers an expanded network and to capitalize on the pooling of extensivedistribution networks. As an integral part of the Trust Together strategicplan, these partnerships will support the Group’s profitable growth and enableAir France-KLM to offer its customers an unparalleled proposition.
以上这些与达美航空、维珍航空、东方航空的协议将为法荷航的顾客提供更庞大的航线网络，并使法荷航能够享受更广泛的配送网络。在相互信任的战略方针下，作为一个整体，这些合作将促进集团的盈利增长，使法荷航能够为顾客提供不二之选。
Reinforcing the partnerships via theacquisition of equity stakes
通过购买股权巩固伙伴关系
To consolidate the new trans-Atlantic joint-venture, Air France-KLM hasannounced plans to acquire a 31% stake in Virgin Atlantic for around £220million. This transaction should take place during thefirst quarter ofin2018, aftersubject toapproval by the relevant regulatory authorities. Air France-KLM will become the second largestshareholder in Virgin Atlantic after Delta which holds 49%,.and will have thesame level of representation as Delta within the Board of Directors.
法荷航宣布计划用2.2亿英镑购买维珍航空31%的股权，来达成此次跨大西洋联营。此次交易将在获得相关监管部门许可后于2018年实施。法荷航将成为维珍航空的第二大股东，仅次于达美航空，达美航空拥有维珍航空49%的股权。法荷航将与达美航空在董事会中拥有相同数量的席位。
In addition, Deltaand China Eastern, who are now Air France-KLM’s very long-term partners, willsubscribe equal amounts to two reserved capital increases totaling €7510million at a subscription price of €10 per share, enabling them to acquire 10%apiece of the Air France-KLM share capital. This price represents a 42% premiumrelative tothe averagevolume-weighted share price over thelast 1212 lastmonths[1]and, a 37% premium relative to the average share priceover the last five years1, and a 13% premium relative to theaverage volume-weightedshare price since the announcementof the 2016 annual results on 16th February 2017.Relative tothe closing share price of 26thJuly 2017, the subscription price represents a 17% discount.
此外，与法荷航达成长期伙伴关系的达美航空与中国东航集团，将以10欧元/股的价格购买共7.51亿欧元的新股，这将使他们各自获得法荷航增发后的10%的股权。这个交易价格高出过去12个月的均价（按交易量计算权重）42%，高出2016年年报发布日（2017年2月16日）以来的均价（按交易量计算权重）13%，低于2017年7月26日收盘价17%。
Therealization of these reserved capital increases will be subject to approval bythe Air France-KLM shareholders during an Extraordinary Shareholders’ Meetingconvened for 4th September 2017, and to approval by the relevantregulatory authorities. These reserved capital increases will be the subject ofa prospectus to be submitted for authorization by the Autorité des Marchés Financiers (“AMF”). The acquisition of thesestakes will be accompanied by the appointment of two Board directors to the AirFrance-KLM Board of Directors, the first nominated by China Eastern and thesecond by Delta.
此次增发需要获得法荷航2017年9月4日临时股东大会的通过，以及相关监管机构的许可。此次增发将写进文件，递交给法国金融市场管理局。此次收购将伴随两个董事会成员的加入，一个来自中国东航集团，一个来自达美航空。
Thesubscription agreements signed separately with Delta and China Eastern, who arenot acting in concert, have a 25-year duration and include a commitment by thepartners to retain their shares subject to a number of exceptions and to not acquirenot topurchase shares potentiallyleadingto the crossing of 10% threshold in the share capital for severalfiveyears. The partners have alsomade a commitment not to sell their stakes to another airline without theagreement of the Air France-KLM Board of Directors
达美航空与中国东航集团并非一致行动人，股权协议将与达美航空、中国东航集团分别签署，有效期25年，包含了以下承诺：未来5年内，除一些特殊情况外，合作伙伴需持有其股份，若购买股份，总体持有量不得超过未来股权的10%。同时，合作伙伴们承诺在未经法荷航董事会许可的情况下，不会将股权出售给其他航空公司。
These capitalincreases will enable an improvement in Air France-KLM’s financial structure, acceleratethe reduction in its net debt and finance the purchase of the stake in VirginAtlantic.
此次增发将改善法荷航的财务结构，减少净负债，并为其购买维珍航空的股权提供资金。
Jean-MarcJanaillac, Chairman and Chief Executive Officer of Air France-KLM, said: “This partnership which is unprecedented in scalegives Air France-KLM a leadership position in the worldwide airline industry. WithDelta and Virgin Atlantic we are reinforcing our trans-Atlantic alliance,making us the number one alliance between Europe and the United States in terms of traffic. With China Eastern, we are consolidating our position on ahigh-growth market. The commitment and efforts of Air France-KLM staff haveenabled an improvement in our performance and the securing of these strategicpartnerships. These agreements accelerate the value-creation initiativesdeployed through the Trust Together project.”
法荷航的总裁兼首席执行官 Jean-Marc Janaillac说：“这项规模空前的伙伴合作关系，使法荷航在国际航空业占据领导地位。与达美和维珍携手，我们巩固了跨大西洋联盟，成为欧美航线上排名第一的联盟。与东方航空携手，我们巩固了在这个高增长市场的地位。法荷航员工的奉献和努力使我们的表现得以提升，保障了此次战略合作。在相互信任的框架下，这些协议将提升我们创造价值的动力。”
Planned calendar for the transaction:
计划交易日程：
-
4thSeptember 2017: Extraordinary Shareholders’ Meeting to approve the capitalincreases and the appointment of the new members of the Board of Directors (totake place on closure of the reserved capital increases)
-
2017年9月4日：召开临时股东大会通过增发以及两个董事会成员的任命（增发后履任）。
-
Oncethe regulatory approvals are obtained: Realization of the reserved capitalincreases.
-
在获得监管部门批准后，进行增发。
原文链接（法荷航官网）：http://www.airfranceklm.com/en/air-france-klm-strengthens-its-strategic-partnerships
