KLM said it does not expect demand to fully recover before 2023 or 2024 and said further staff reductions are possible “given the high level of uncertainty."
Domestic carrier AirAsia Group Bhd and Malindo Air, the Malaysian arm of Indonesia's Lion Air, have also submitted proposals, the sources said.
What assets it holds in the European country and which would be part of the deal were not specified.
The flag carrier of Netherlands said the flights will operate from Bengaluru on Tuesday, Thursday and Saturday.
Air France-KLM Chief Financial Officer Frederic Gagey said the Air France-KLM plan involves better coordination and closer sharing of activities such as purchasing.
Sources said the prospective buyers are unwilling to move ahead without taking a controlling stake in the company.
The joint venture is likely to give Jet Airways an unprecedented access in the west.
Vistara today said it has forged partnerships with global carriers Air France, KLM and Japan Airlines, which would allow its customers to avail a seamless check-in facility on their network across the world and vice versa.
If you're like me and you would like a way to not be stuck next to the crying baby on a long flight, KLM's developing a social network that might