Air France-KLM will launch a sale of its catering unit Servair soon, seen worth up to around €400 million ($435 million), and has mandated BNP Paribas to manage the deal, sources familiar with the matter told Reuters.
Air France-KLM pledged to lift core earnings by up to 10 per cent a year through 2017 as part of a new plan combining an assault on the European leisure market with efforts to retain the loyalty of long-haul travellers.
Two European airlines said on Saturday they were halting services to Iran, a sign of the crumbling purchasing power of Iranians as their economy buckles under the weight of Western sanctions.
Air France-KLM will suspend its Amster
Etihad Airways and Air France-KLM have signed an agreement to codeshare on flights across the airlines’ networks, the first phase of a much larger strategic partnership which commences on October 28.
The wide-ranging codesha
Renault GCC and Arabian Automobile, exclusive Renault distributor in Dubai & Northern Emirates have tied up with Air France-KLM for a novel promotion this summer under which customers can win two return tickets to Paris.
Abu Dhabi-based carrier Etihad Airways denied it was in talks to take a stake in struggling Franco- Dutch airline Air France-KLM, a spokesman said yesterday.
“Etihad Airways denies the rumours according to which it would be in talks to ent
Air France-KLM has split a $12 billion order for long-range jets following a year-long competition, announcing plans to buy 25 Boeing 787 Dreamliners and 25 Airbus A350s.
The move is part of a plan to renew the fleet of Europe's largest ai
Alitalia has agreed to be bought by Air France-KLM, the world's biggest airline by revenues, in a deal valuing the near-bankrupt airline's equity at just 138 million euros -- far less than expected.
The sale of the loss-making airline is a