Wednesday, 23 May, 2018

Air France survival called into question

Air France boss Jean Marc Janaillac announces he will resign on Friday                  REUTERS  Charles Platiau Air France boss Jean Marc Janaillac announces he will resign on Friday REUTERS Charles Platiau
Elsie Buchanan | 08 May, 2018, 01:16

Customers who wish to postpone their trip after that date, change their destination or departure city or cancel their trip will receive a nonrefundable voucher that will be valid for one year on Air France, Joon, KLM or Hop! flights.

"If Air France does not make efforts to become more competitive, allowing this flagship to be at the same level at Lufthansa and other airline companies, Air France will disappear", Le Maire told BFM television.

The warning follows the resignation of Air France CEO Jean-Marc Janailla on Friday, which signals the suspension of negotiations until new management is appointed.

Air France-KLM reported a net loss of €269m (£238m) in the first quarter of the year. The number of striking staffers appears to be slightly declining as the airline enters its 14th day of walkouts this year, but the labor action has already cost the company more than 300 million Euros in the time of a few weeks. Close to 85 percent of flights are likely to run on Monday, the carrier said.

Air France merged with Dutch carrier KLM in 2004. The company has now taken the plan off the table.

Delta Airlines and China Eastern both hold 9 percent of Air France-KLM.

Mukesh Ambani's daughter Isha to Wednesday Anand Piramal in December
Akash Ambani and Shloka Mehta are said to have studied together at the Dhirubhai Ambani International School (DAIS). The couple celebrated with close members of the family including their parents, siblings, and grandparents.


Some worker representatives hit back at Le Maire on Sunday, after he called their demands unjustified. Unions, led by the powerful pilots' lobby, had wanted a larger up front percentage and no conditions on further raises.

Unionised staff are set to walk out for the 14th day on Monday as they press for a 5.1-per cent salary increase this year as the company recovers from years of losses and restructuring. "I think we can find a way out".

Be that as it may, numerous investigators say Air France has lingered a long ways behind with regards to rebuilding and has neglected to address its proceeded with misfortunes.

"There's reason enough to be anxious", CFDT leader Laurent Berger.

The government of French president Emmanuel Macron is involved in its own ongoing battle with broad swaths of society which are resisting economic reforms.

This is in sharp contrast to its performance past year, when the shares rose 160 percent as Janaillac initiated reforms to restructure and improve the finances of its French brand, said Roche Brune Asset Management's Laverne. There have been strikes at the SNCF rail organization too.

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