Air France-KLM in talks with Etihad To Negotiate Pact – AF-KLM Group’s CFO

Posted: May 6, 2012 in Airlines, Aviation & Airports (General News), Europe, Middle East
Tags: , , , , , , , , ,

[Arabian-Business.com] Air France-KLM Group, which this weekend announced its operating loss had risen nearly 50 percent to US$785m, is in talks about a commercial pact with Abu Dhabi-based Etihad Airways, an executive at Europe’s biggest airline told Bloomberg News.

The group is highly focused on the negotiations under way. Photo: Wikipedia

The group is highly focused on the negotiations under way. Photo: Wikipedia

Talks about a commercial pact with Abu Dhabi-based Etihad Airways are continuing, Air France-KLM Group’s chief financial officer Philippe Calavia said in a conference call, Bloomberg reported.

However, Bloomberg said reaching a final agreement would be tough and there’s no prospect of a deal within weeks.

Etihad Airways, which recently bought stakes in Ireland’s Aer Lingus, Air Seychelles, Air Berlin, was not immediately available for comment.

Air France-KLM Group said its first- quarter loss widened as fuel costs and a drop in freight volumes wiped out benefits from gains in passenger traffic, increasing pressure to secure cost cuts from unions by a June deadline.

The operating loss widened to……

Read the full Bloomberg story at ArabianBusiness.com


By Shane McGinley
Sunday, 6 May 2012


 

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