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

Avinco proudly celebrates its 15th anniversary after another successful year in helicopter sales

2018 marks 15 years for Avinco as a leader in the civil aviation trading industry. Avinco completed 24 helicopter transactions in 2017 resulting from sales across all regions, and involving models...

XTI Aircraft on Schedule with Development of Flying Prototype

XTI Aircraft Company (XTI) announced it is on schedule and on budget as it completes the ducts and fans for its 60% scale flying prototype of the TriFan 600 aircraft and moves toward...

Kopter receives Design Organization Approval from EASA

Kopter Group AG received from EASA the certificate granting the Design Organization Approval (DOA).  This certificate confirms Kopter as a duly recognized Design Organization. It is attesting...

Ryanair moves routes from Frankfurt-Hahn to Frankfurt am Main

Ryanair is expanding its base at Frankfurt am Main Airport and transferring four routes there from Frankfurt-Hahn Airport. From March 25th onwards, the number of aircraft based at Frankfurt-Hahn wi...