Air France-KLM

Air France-KLM denies bidding

Paris - Muslimchronicle

The Air France-KLM group on Saturday denied it had made an offer for ailing airline Alitalia, a day after Italy's industry minister listed it among three bidders. "Air France-KLM denies making an offer to buy Alitalia," a statement said adding that the group "had not taken part in the process launched by Italian authorities." On Friday, Economic Development Minister Carlo Calenda said on theRead more

China Eastern Airlines to acquire 10%

Beijing - Muslimchronicle

China Eastern Airlines said Friday it is set to acquire a 10 percent stake in Air France-KLM, as it moves to expand its network in Europe. The state-owned company will pay about 375 million euros ($438.5 million) for its share in the French-Dutch airline, it said in a filing to the Hong Kong stock exchange. American carrier Delta will alsoRead more

IATA: Airlines to post record $40bn profit in 2016

Singapore - Arab Today

Global airlines are expected to post record profits of almost $40 billion this year, the head of industry body IATA said, but he warned the sector faced threats from terrorism, a sharp rise in oil prices and protectionism. Alexandre de Juniac, who took the reins at the International Air Transport Association on September 1, also called on Southeast Asian nationsRead more

Air France-KLM board picks Janaillac as new CEO

Paris - AFP

Air France-KLM's board of directors on Sunday appointed Jean-Marc Janaillac, the current head of French transport group Transdev, as the group's new chief executive following the surprise resignation of Alexandre de Juniac. "The board has decided that Mr Janaillac will be co-opted as a group director when Mr de Juniac leaves office on July 31 at the latest. He willRead more

Janaillac among candidates to head Air France-KLM

Paris - Arab Today

Jean-Marc Janaillac, head of French transport group Transdev, is likely to be nominated to head Air France-KLM on Tuesday following the surprise resignation of CEO Alexander de Juniac, French economic newspaper La Tribune reported. "According to our information, the group's nomination committee which met on Friday decided to propose Tuesday to the Air France-KLM board the name of Jean-Marc Janaillac...Read more