KLM is today the oldest airline still operating under its original name. KLM is a Dutch company and is part of AIR FRANCE KLM S.A., as is Air France. The management of AIR FRANCE KLM lies in the hands of the Group Executive Committee (GEC), which focuses on such group related subjects as strategy, finance, commerce, technology, IT, procurement, and fleet development. The GEC has eleven members and sets and monitors AIR FRANCE KLM’s strategic course. The FSSC in Budapest performs financial services for KLM sales offices in around 80 countries.