With the current term of the CEO of KLM (Ms. Rintel) expiring, SPAAK, as a shareholder in Air France-KLM, has formulated a position on the assignment for the coming 2026-2030 term[1]. Based on its statutory objectives, SPAAK has identified the following elements that should be included in the assignment for the upcoming term:

1. Ensure the financial health and future sustainability of KLM

   • Develop and implement a strategy that structurally strengthens KLM's profitability and elevates it to the level of relevant international peers.

   • Within this strategy the following should be emphasized: punctuality and operational stability; reorganization of KLM's business structure; growth of a profitable network; modernization of processes and IT; and cost control without compromising customer experience or employee interests.

   • This requires formulating a compelling vision for KLM's future and communicating it in a motivating and engaging way.

   • Support for the CEO's vision and position from inside the organization is crucial.

2. Achieve results in the current political and public climate

   • Ensure that KLM takes a convincing and credible position in the public debate about the future of aviation in the Netherlands and the EU.

   • Find the right balance in this context between sustainability, profitability, and competitiveness.

   • Achieve results with regards to European regulation in relation to a level playing field (within Europa) and fair competition (with non-European airlines).

   • Restore and maintain trust with the government, within the public debate, and employees through clear and consistent communication.

3. Secure a strong KLM within a strong Air France-KLM group

   • Maintain and strengthen KLM's autonomous position and clear brand identity within the group.

   • There should be no marginalization of KLM's position within the group and a fair distribution of investments and growth opportunities should be established.

   • Build a constructive collaboration with group management, ensuring that KLM interests are represented effectively and equitably within the goal of a strong Air France-KLM group.

4. Build on the relationship with the pilots and other employees

   • Approach the relationship with the pilots on the basis of partnership and trust.

   • Build on the improved relationships of recent years and translate these into sustainable collaboration and respectful employment conditions.

   • High social standards for all employees should be emphasized.

[1] SPAAK has not taken a position on whether the current CEO of KLM, in its view, can fulfill this mandate and, if so, what the associated considerations would be.