Menu

Air France-KLM CEO Gourgeon resigns

  • Published by Vedat

The board of Franco-Dutch airline Air France-KLM on Monday replaced Chief Executive Pierre-Henri Gourgeon in a surprise move that highlights growing dissatisfaction with the slow pace of the company's financial turnaround as well as mounting friction between Gourgeon and the chairman of the board over a planned governance revamp.

Pierre_Henri_GourgeonIn a statement, Air France-KLM said the aim of the changes "is to improve the group's operating and financial performance in a context of economic uncertainties affecting the European air traffic, as well as the position of Air France in respect of increased competition from new entrants."

The airline said Alexandre de Juniac, a senior aide to French Finance Minister Christine Lagarde before she took over the helm of the International Monetary Fund in June, has been appointed chairman and CEO of Air France, the French operational unit of the group that includes Dutch airline KLM.

The carrier gave no explanation for Gourgeon's departure.

It said that, in the current economic context, the group "must give top priority to the recovery and improvement of the performance of Air France and of KLM," and that its efforts must focus on this. It added that for this reason it is putting on the back burner a plan to create an Air France-KLM holding company with real decision-making powers over the two operational divisions. That plan, which was to be implemented at the beginning of 2012, has been put off to 2013.
Advertisement

Destinations

Best of Greek Islands with Celestyal Cruises

Best of Greek Islands with Celestyal Cruises

In Summer 2016, I had chance to sail to Greek Islands with the Celestyal Cruises. In an organization with Karavan Cruises, travelers enjoyed best of Greek islands with Celestyal and received a compl...

Unique and Luxurious Vacation Destination in Turkey: Cappadocia

Unique and Luxurious Vacation Destination in Turkey: Cappadocia

ftnNEWS would like to present you a unique vacation idea here in Turkey: Cappadocia Region. Located on the central Anatolia plateau within a volcanic landscape sculpted by erosion to form a successi...

Fascinating Tunisia

Fascinating Tunisia

Recently I have visited Tunisia as a familiarization trip organized by the Tunisia Tourism Ministry with the support of Tunis Air. Tunisia is not only a beach holiday destination. It also offers a r...