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With airline competition continuing to rise , September 2003 saw Air France and KLM merge their operations to become Air France KLM Group . The IPO was officially launched in 2004 on the Paris Euronext and Amsterdam markets as well as on the New York Stock Exchange . “ Since May 2004 , Air France and KLM Royal Dutch Airlines have become the largest European airline group : 1 group , 2 airlines , and 3 businesses . Each airline has retained its individual identity , trade name and brand . The 3 core businesses are Passenger Business , Cargo , and Engineering & Maintenance . Both airlines run their own operations from their respective hubs Paris-Charles de Gaulle and Amsterdam-Schiphol ,” notes the group . businesschief . eu