All Air France-KLM Group articles – Page 5
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NewsAir France-KLM firms Apollo’s €500m investment through spare engine pool
Air France-KLM Group has signed a €500 million ($501 million) investment agreement with private equity company Apollo Global Management, after the two sides entered talks for a capital injection earlier this year. The agreement involves investment in an operating affiliate of Air France which will own a spare engine pool ...
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NewsUS DOJ fines Air France-KLM $3.9m for incorrect mail delivery information
The US Department of Justice (DOJ) has settled with Air France-KLM Group for $3.9 million after accusing the European airline company of incorrectly reporting mail delivery information.
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Airline BusinessAirline CEO changes in 2022 dominated by appointment of women and upheaval in India
The global airline executives gathering in Doha for this year’s IATA AGM will reflect recent trends including better gender diversity among incumbents and big changes at Indian carriers
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NewsAir France-KLM secures €2.25bn as rights issue oversubscribed
Air France-KLM Group has described its rights issue as successful, after it was oversubscribed by 16%. The company has generated €2.256 billion ($2.35 billion) in final gross proceeds – of which around €1.61 billion is in cash – as a result of the capital increase. These proceeds will be “mostly ...
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Airline BusinessCan airline travel disruption be resolved this summer?
The operational issues being seen in several markets are threatening to define the sector’s emergence from Covid-19 in some regions – potentially beyond the short term.
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NewsAir France-KLM chief concerned over staff shortage spreading to Paris and 787 delays
The chief executive of Air France-KLM has expressed concern over further staffing shortages and aircraft delivery delays, as he looks ahead to the busiest travel months of the year. Ben Smith’s comments came after tough operational challenges at KLM in recent weeks, where disruption and flight cancellations have affected services ...
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NewsLufthansa confirms joint bid submitted for Italian carrier ITA
Lufthansa has confirmed it has submitted a joint bid with Swiss shipping firm MSC Group for a stake in ITA Airways, though will not be drawn on reports the partners are looking to take a combined 80% holding in the new Italian carrier.
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NewsAir France-KLM launches €2.2bn capital increase
Air France-KLM has launched a capital increase to existing shareholders to raise €2.26 billion ($2.4 billion) aimed at repaying state aid secured during the pandemic
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NewsAir France-KLM in talks with Apollo over €500m capital injection
Air France-KLM has entered into exclusive talks with private equity firm Apollo Global Management over a €500 million ($527 million) capital injection to an Air France operating affiliate as part of further steps to repay state funds secured during the pandemic.
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NewsCMA CGM set to take stake in Air France-KLM under long-term cargo partnership
French logistics firm CMA CGM is to take up to a 9% stake in Air France-KLM as part of new long-term partnership under which they will work together operating their respective air cargo capacity.
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NewsAir France-KLM projects summer profit after cutting first quarter loss
Air France-KLM Group expects to break even at the operating level in the second quarter and to be “significantly positive” in the third after reporting strong recovery signs in the first three months of the year despite the impact of Omicron and the Ukraine crisis.
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NewsAir France-KLM firms order for A350 freighters
Air France-KLM Group has firmed its tentative order for four Airbus A350 freighters, a deal originally disclosed in December last year. The aircraft are intended to provide additional cargo capacity at Air France, already an operator of the A350 passenger variant. Air France-KLM is taking up to eight A350Fs of ...
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Airline BusinessCovid and Ukraine weigh on sentiment but signs of normality at A4E summit
Many of Europe’s airline chief executives gathered in Brussels last week for the annual A4E Aviation Summit. A4E – or Airlines for Europe – which represents carriers and groups including Air France-KLM, EasyJet, IAG, Lufthansa and Ryanair, took the opportunity to highlight its calls for action on topics including Single ...
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NewsAir France-KLM eyes Leap engines for A320neo orders
Air France-KLM is in talks with CFM International over a potential Leap-1A engine deal to power its future fleet of Airbus A320neo and A321neo aircraft.
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NewsHead of Dutch rail Rintel set for return to KLM as new chief executive
KLM has selected the head of Dutch rail firm NS, Marjan Rintel, as its new chief executive – meaning she will return to lead the carrier for which she worked for 15 years. She will succeed Pieter Elbers who is standing down in the first half of this year. KLM ...
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NewsAir France-KLM and other carriers lose legal bid to cut cargo cartel fines
Air France-KLM and a number of other operators have lost a legal bid to challenge fines imposed on them by the European Commission over participation in a pricing cartel for the airfreight market. But the European Union General Court ruling also partly annuls the Commission’s decision concerning several other airlines, ...
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NewsAir France-KLM could participate in Italian consolidation as it eyes Milan Linate growth
Air France-KLM has not ruled out participating in consolidation in the Italian market, despite conditions relating to the company’s Covid-19 state aid putting a block on acquisition moves.
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NewsKLM chief relaxed on challenges posed by switch from Boeing to Airbus narrowbodies
KLM has time to prepare for the introduction of Airbus narrowbodies into its fleet, chief executive Pieter Elbers said today, and will take learning points from other carriers who have been through similar transitions.
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NewsAir France-KLM saw long-haul recovery continue in December despite Omicron
Demand for long-haul travel continued to improve through to the end of 2021, according to Air France-KLM, even as the Omicron variant of Covid-19 prompted the introduction of further travel restrictions.
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News‘Big surprise’ from Air France-KLM as it beats pre-Covid profit in fourth quarter
Air France-KLM’s cost-cutting and restructuring efforts helped it achieve a fourth-quarter 2021 operating profit ahead of that recorded in the same period of 2019.