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The airline issued additional shares of stock to the government in return for its money.In the late 1970s, the government's stake had again increased to a majority of 78%, re-nationalizing it. In 1983, it reached an agreement with Boeing to convert ten of its Boeing 747-200 combo aircraft to stretched-upper-deck configuration.The airline previously operated DC-8 passenger and freight combi aircraft as well and currently operates Boeing 747-400 combi aircraft.The oil crisis of 1973, which caused difficult economic conditions, led KLM to seek government assistance in arranging debt refinancing.KLM is headquartered in Amstelveen, with its hub at nearby Amsterdam Airport Schiphol.
The Netherlands government increased its ownership of the company to two-thirds, thus nationalizing it.
On 7 October 1919, eight Dutch businessmen, including Frits Fentener van Vlissingen, founded KLM—the abbreviation of Koninklijke Luchtvaart Maatschappij (Royal Airlines Company) as one of the first commercial airline companies.
Plesman became its first administrator and director.
Plesman wanted KLM to remain a private company under private control; he allowed the Dutch government to acquire a minority stake in the airline.
After Plesman's death, the company and other airlines entered a difficult economic period.