Aviation news analysis
50 SKY SHADES - World aviation news

Gagey to be replaced soon as Air France chief: newspaper

Download: Printable PDF Date: 23 Oct 2016 15:35 categories:
Publisher:
Gagey to be replaced soon as Air France chief: newspaper - Airlines publisher
Tatjana Obrazcova
Country: France Aircraft: Airplanes Airline: Air France
Source: Reuters

Frederic Gagey stands to lose his job as boss of French carrier Air France in early November when its parent Air France-KLM unveils a new strategic plan to the board, daily La Tribune said on Friday.

Under the "Trust Together" plan to be announced on Nov. 3, Jean-Marc Janaillac, chairman and chief executive of Air France-KLM, will take on the additional responsibility of Air France chairman while a new CEO will be picked for the French carrier.

A spokeswoman for Air France-KLM declined comment. She said announcements related to the "Trust Together" plan will be made to a workers' committee meeting slated for Nov. 3.

Air France-KLM has struggled in recent years with weak demand and overcapacity across the industry. It has been striving to cut costs to compete better with deep-pocketed Gulf airlines and fast-growing European low-cost carriers.

Air France-KLM reported a 114 million euro ($124 million) net loss in the first half of the year but posted a 41 million euro net profit in the second quarter.

Gagey, who struggled over the summer with pilot and cabin crew strikes, was offered the position of Air France-KLM finance chief, to replace Pierre-François Riolacci, who is stepping down, La Tribune said. It did not say if Gagey had accepted.

Among potential candidates for the CEO job, the paper named Lionel Guerin, deputy general manager of Hop Air France, Franck Terner, head of the maintenance division, Nathalie Stubler, CEO of Transavia France, and Alain-Herve Bernard, who is in charge of medium-haul carriers.

See original image



Loading comments for Gagey to be replaced soon as Air France chief: newspaper...


Recommended

AEGEAN Airlines firms up order for 30 A320neo Family aircraft

Purchase agreement follows MoU signed in March 2018 Greece’s biggest airline, AEGEAN Airlines, has firmed up an order for the purchase of 30 A320neo Family aircraft at a ceremony in Athens.&n...

Airbus and THAI sign agreement to proceed with joint venture MRO

State-of-the art facility to be developed at U-Tapao International Airport Airbus and Thai Airways International (THAI) have signed an agreement to establish a new joint venture maintenance and ove...

Delta Air Lines Becomes Launch Operator of ATMOSPHÈRE Cabin with New Order for 20 Bombardier CRJ900

Bombardier Commercial Aircraft announced that Delta Air Lines, Inc. of Atlanta, Georgia (Delta Air Lines) has signed a firm purchase agreement for 20 CRJ900 aircraft – becoming the launch o...

FAI grows its fleet with the addition of fifth Global Express

German Special Mission Operator FAI rent-a-jet AG has expanded its fleet of managed aircraft with the addition of a fifth Global Express (S/N 9084). This brings FAI’s total fleet to 25, includin...