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KLM Royal Dutch Airlines, or simply KLM (an abbreviation for their official name Koninklijke Luchtvaart Maatschappij N.V., lit. 'Royal Aviation Company'), is the flag carrier of the Netherlands. KLM is headquartered in Amstelveen, with its hub at nearby Amsterdam Airport Schiphol. It is a subsidiary of the Air France-KLM group and a member of the SkyTeam airline alliance. Founded in 1919, KLM is the oldest operating airline in the world. KLM operates scheduled passenger and cargo services to approximately 145 destinations.