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Air France-KLM to decide on management plan on May 15 as CEO leaves

Firstpost Sunday, 6 May 2018 ()
PARIS (Reuters) - Air France-KLM's board will decide on a management transition plan on May 15, the company said on Saturday, after CEO Jean-Marc Janaillac said he would step down when staff at its French brand rejected a pay deal. More than half of the staff at the French carrier who cast a ballot voted against the offer of a 7 percent salary increase over four years, prompting Janaillac to say he would resign
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Source: Bloomberg Global Business - < > Embed
News video: Air France Shares Tumble Following CEO's Departure

▶ Air France Shares Tumble Following CEO's Departure 02:13

May.07 -- Air France-KLM Group shares fell sharply in Paris trading following last week's resignation of Chief Executive Officer Jean-Marc Janaillac. Bloomberg's Benedikt Kammel reports on "Bloomberg Markets: European Open."

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