No products in the cart.

468x150 - Rio de Janeiro - Phone Sample

Order Here

728x90 - Rio de Janeiro - Tablet Sample

Order Here

970x90 - Montreal - Desktop Sample

Order Here
airline partnership, news, updates, insights, analyses.

Air France-KLM plan targets wiping €2bn from net debts

AIRLINE PARTNERSHIP
AIRLINE PARTNERSHIP
The #1 online source of global aviation partnerships for aviation executives

Air France-KLM has outlined details of a new wide-ranging three-year plan to return it to profitability, under which the group will restructure short and medium-haul operations as well cutting costs and debts.

ADVERT

180x150 - London - Desktop Sample

Order Here

Under its 2012-14 plan it aims to cut €2 billion from its net debt. Half of this will be delivered through cost-savings efforts and the remainder through a transformation plan across all its business. This includes a “significant increase” in productivity and the restructuring of its loss-making medium-haul operations to return this part of the business to breakeven within the next three years.

The group will also restrict capacity growth to 5% over the next three years and defer some deliveries and not exercise some aircraft as part of plans to keep its investment programme down to €5 billion over the next three years.

720x300 - Oslo - Desktop Sample

Order Here



  • JOINNEWSLETTERS
    Subscribe to our mailing list and get interesting stuff and updates to your email inbox.



    We respect your privacy and take protecting it seriously
    PREMIUMCONTENT
    Subscribe to our premium content pages, please go to the premium subscription page or contact us for more information.

    PARTNERS AREA

    © 2019 — Airline Partnership™ — All Rights Reserved.

    Send this to a friend