Tag: air france-KLM
Who will buy ITA from the Italian government?
The process of selling ITA, the airline created from the ashes of the defunct Alitalia and owned by the Italian government, has begun and should be completed in the next few months or weeks. Except in the event of...
Pieter Elbers leaves KLM. Good or bad news?
Pieter Elbers, KLM's Chairman and CEO since 2014, will not serve a third term at the helm of the Dutch airline. The news may come as a relief to some, given the tensions between Air France and KLM, but...
Air France opens its new lounge in Montreal… But still not in Paris!
While the opening of the new lounge in terminal 2F at Paris Charles-de-Gaulle is over a month behind schedule, the French airline yesterday announced its completely redesigned lounge at Montreal-Trudeau airport.
Article largely based on the press release issued by...
How do airlines get out of debt and find liquidity?
The pandemic crisis has wreaked havoc on the airlines' finances. While many of them have been able to rely on public aid to save themselves in the first instance, this is not enough, and they need to find other...
Air France penalized by the EU in the long term
Air France's recapitalization by the French state was validated by the European Union only after concessions were made. While much has been said about the slots the airline has had to give up at Roissy, there is another obligation...
Air France victim of white-collar terrorism!
Air France-KLM's long road to recapitalization, made unavoidable by the health crisis, is not over. But this is just another long episode in the history of a business that has rarely held its destiny in its own hands.
Terrorism has...
Recapitalization of Air France: a necessity and some pitfalls
Last week, Anne Rigail, CEO of Air France, admitted to Europe 1 that the company would have to be recapitalized after the COVID 19 crisis since it has become too fragile. A logical announcement that was expected and that...
Where did the money that saved the airlines come from?
The COVID-19 has taken a toll on the airline economy and airlines around the world have had to call for help to survive the crisis.
In most cases the States have done the job and helped their national airlines, or...
Airlines: will the last become the first?
The airlines are experiencing a shock of rare violence. For some the shock is over (i.e. they have secured their medium-term financial future), for others not (they are looking for funding which they may or may not find) but...