While Air France has struggled for a few years now, the Air France-KLM group CEO provided an update on the French airline, which will see significant changes to its operations in the coming years to return to profitability in the long-run....
In its financial results for the third quarter of 2019, Air France-KLM announced a net profit down by more than half compared to the same period in 2018. The airline says it was affected by the retirement of the A380 from its fleet, and a “challenging macro-economic context”....
Aigle Azur will stop its operations from the evening of September 6, 2019. The second biggest French airline, which declared bankruptcy earlier this week, is now putting all hope in a buyout offer....
After months of uncertainty on the fate of the A380, Air France-KLM finally announced it would sell the five superjumbos it owns by 2022. The group also confirmed the acquisition of 60 A220-300 aircraft as part of its fleet modernization strategy and reported strong results for the second quarter of 2019....
Only seventeen months after it started operations, Joon, Air France’s subsidiary targeted at millennials, made its last flights....
For KLM, sustainability in air travel is a big deal. At the recent IATA Annual General Meeting in Seoul (South Korea), KLM Royal Dutch Airlines demonstrated that commitment by backing the country’s Delft University of Technology (TU Delft) in the development of an innovative highly energy-efficient concept aircraft known as the “Flying-V”. And yes, the jet comes in the shape of a “V”, but not in vain....
In an unexpected move, the Netherlands acquired 12.68% of Air France-KLM capital on February 26, 2019, for a total of €680 million euros....
The joint venture of Air France KLM, Delta Air Lines and Virgin Atlantic pose no threat to competition within the European Economic Area, authorities find....
Tensions are rising within the Air France-KLM group. Employees of KLM are supporting their CEO Pieter Elbers, whose position is now compromised for questioning the new strategy of the group, advocated by its CEO Benjamin Smith. Meanwhile, Hop! employees aspire to be integrated into their parent company, Air France....
On September 27, 2018, the Air France Board of Directors accepted Franck Terner’s resignation from his position of Air France CEO. Following Air France-KLM Board of Directors favorable vote, Benjamin Smith was appointed as Air France CEO for a transitional period ending no later than December 31, 2018....
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-1_crop.jpg "Millennial airline Joon says adieu after 17 months of operations")
_crop.jpg "EU clears acquisition of 31% of Virgin Atlantic by Air France-KLM")
