KLM and American Express Announce Strategic Alliance

A new co-branded American Express KLM Corporate Card, designed to help companies earn savings on business travel expenditure, and a new Flying Dutchman American Express Card, with tailored rewards and benefits, will be available in the first quarter of 2004. The KLM American Express Corporate Card The KLM American Express Corporate Card Program will replace KLM?s proprietary payment product, Traxxer, which will be phased out over the coming 12 months. Existing Traxxer customers, American Express corporate clients and prospective clients will be invited to join the KLM American Express Corporate Card Program. KLM will also join the American Express Corporate Loyalty program (Corporate Savings Plus), a unique offering designed to help small and medium sized companies enjoy savings on a range of corporate expenditure including airline, hotel and car rental. In addition to gaining access to KLMs global network of airport lounges when travelling on business, KLM American Express Corporate Cardmembers will be given priority on KLMs waiting list when flying from Schiphol airport, Amsterdam. The new Flying Dutchman American Express Card A choice of four different co-branded Flying Dutchman American Express Cards will be offered to KLM?s frequent flyer members, each with its own level of rewards and benefits to reflect KLM?s tiered service levels: Blue Plus, Silver, Gold and Platinum Elite. Cardmembers can earn up to 2 KLM Award Miles for every 1 euro spent on the Card making it the most attractive frequent flyer cards available on the market today. In addition to receiving KLM Miles every time they spend on their Card and having the opportunity to earn double KLM Miles when purchasing a KLM ticket, Flying Dutchmen members benefit from the convenience of owning one card which can be used for making purchases and accruing loyalty miles. As part of the partnership agreement, KLM will join American Express award winning loyalty program, Membership Rewards, where existing American Express Cardmembers will be able to transfer points into KLMs Flying Dutchman frequent flyer program.