Being a shareholder

Air France-KLM shareholder structure at December 31st, 2021

The rights of Air France-KLM shareholders

  • Voting right; whether it is the Ordinary, Extraordinary or Combined Ordinary and Extraordinary General Shareholders’ Meeting, shareholders actively participate in the life of the company by voting on the different draft resolutions. Any shareholder holding at least one share can take part in the General Shareholders’ Meeting.
    Nevertheless, and in the absence of a provision to the contrary in the Air France-KLM Articles of Incorporation, since April 3, 2016, all fully paid-up shares held in registered or direct registered form benefit from a double voting right, provided they have been held by the same shareholder for at least 24 months prior to taking part in the relevant vote, pursuant to Article  L.225-123 of the French Code of Commerce (legislative amendment arising from Article 7 (V) of Act no. 2014-384 of March 29, 2014 "aiming to reconquer the real economy", and known as the "Loi Florange". 

  • Right to information on the company and its results; this right to information applies ahead of the General Shareholders' Meeting but also on a permanent basis thanks to our various communication tools: press, website, Shareholders' Club.

The different ways of holding Air France-KLM shares

Bearer shares
In France and the Netherlands, holding shares in bearer form is the most common method: the purchase and day-to-day management is entrusted to the financial intermediary chosen by the shareholder. This method of holding shares enables the different shares in a portfolio to be regrouped with a single intermediary. The financial intermediary alone knows the identity of the shareholder.

Registered shares
This form of holding shares enables Air France-KLM to identify you and establish a personal relationship.

  • Administered registered
    Air France-KLM shares held in administered registered form are managed by the financial intermediary of your choice. The management of these shares remains assimilated to that of ‘’bearer’’ shares; you can regroup all your shares in the same, single portfolio. With this method of holding shares, your financial intermediary must inform Air France-KLM that your shares are held in administered registered form.
  • Direct registered
    Shares held in direct registered form are recorded in your name in a register maintained by Air France-KLM. This method of holding shares is only available in the French market. For shareholders wishing to hold their shares in direct registered form, Air France-KLM has appointed Société Générale in France to manage this program.

Société Générale contact details:
Société Générale Securities Services
32, rue du Champ de Tir
CS  30812
44 308 Nantes Cedex 3
Contact: 33 (0)

Bearer or registered shares : make the right choice

More informations available on the French Market authority web site

Click here

Unit-holder in FCPEs
If you are unit-holder in FCPEs.
For any information you can call Natixis:
In English: +
In German: +
In Spanish: +
In Italian: +
In Portuguese: +
Monday to Friday from 8.30 am to 6.00 pm (CET: GMT+2)

By mail:
Natixis Interépargne
Avenue du Maréchal Montgomery
14029 Caen Cedex 9


An ADR (American Depositary Receipt) is a security designed to facilitate the ownership of shares in non-US companies by investors based in the United States. An ADR is quoted in dollars and is traded like any other security.

Air France-KLM ADR:
Ticker:  AFLYY
Market: OTC
CUSIP: 009119108
ISIN of the ADR: US0091191082

This security gives the right to attend the General Shareholders’ Meeting provided that you inform Air France-KLM or Citibank of your intention by the relevant deadline.
ADR holders also receive a dividend in dollars.

Any questions, and particularly those regarding the management of ADR accounts, should be forwarded directly to Citibank at the following address:

Citibank Shareholder Services
P.O. Box 43077
Providence, Rhode Island 02940-3077

Phone (toll free): +1-877-CITI-ADR (248-4237)
International dial: +1-781-575-4555
Fax:  +1-201-324-3284