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

First Delta Air Lines A220-100 rolls out of painting hangar in Mirabel

Delta Air Lines` first Airbus A220-100 was introduced this week after rolling out of the painting hangar at the A220 final assembly line in Mirabel, Québec. Delta will be the first U.S. airline...

Boeing, Air Peace Announce Order for 10 737 MAX Airplanes

Nigerian airline to expand regional network with new, more capable 737 jet Boeing 737 MAX continues to expand its footprint across Africa Boeing and Air Peace of Nigeria today ann...

Silk Way West Airlines increases flights to Chinese city of Zhengzhou

Azerbaijani cargo air carrier Silk Way West Airlines increases the number of flights to China. The number of Baku-Zhengzhou flights will be increased from four to six times a week. The appropria...

AeroMobil to Exhibit Flying Car first time in China

AeroMobil partners with Orient International Holding for the exhibition of its Flying car at the China International Import Expo in Shanghai in November 2018. AeroMobil will be displayed in National E...