AIR FRANCE and the Dutch KLM airline are about to merge. The merger will take place over a number of stages. The operation will see the birth of the number one in the European airline sector with a combined turnover of EUR 19.7 bn and 62.8 millions passengers transported annually and will see the immediate privatisation of AIR FRANCE. 54.4% of the latte's capital is held by the French state. This figure will fall to 44% . The deal will take the form of a public exchange offer. AIR FRANCE...