It does not receive public funding
Editor in chief:

Facebook Twitter Google+ Youtube

Aircraft. Air France-Klm: new transitional governance

From today, after resignation by Jean-Marc Janaillac

Following the outcome of the Air France staff consultation on the draft pay agreement made public on May 4, 2018, and as previously announced, Jean-Marc Janaillac has today submitted his resignation to the Air France-KLM and Air France Boards of Directors (BoD). The Board acknowledges his decision.

The members of the Air France-KLM BoD firstly wish to express their deep regret over the successive strikes affecting Air France customers in recent weeks and disrupting their travel plans. These strikes will also have a negative impact on the Group’s financial results.

All the members of the BoD also wished to thank Jean-Marc Janaillac for his commitment to the service of the Group, and for the results achieved since taking office in 2016, which have enabled Air France-KLM’s successful turnaround and growth. The Board recognizes his courageous decision and sincerely hopes that it will open the way to the conditions for a transformation at Air France and fresh momentum for Air France-KLM.

At today's meeting, the BoD adopted a transitional governance structure, effective from the end of today's Annual General Shareholders’ Meeting.

This transitional governance structure is established for the shortest-possible period required to effectively complete the succession process for the roles vacated by Jean-Marc Janaillac. The Appointments and Governance Committee confirms that it has taken the steps required to submit recommendations to the Board regarding the future governance. The transitional governance structure does not presuppose the future governance to be adopted by the Board, whose implementation will terminate the transition period and the related functions.

During this transition period:

Regarding Air France,

Regarding the ongoing labor dispute at Air France, the Air France-KLM BoD confirms that the Air France CEO does not have a new mandate to take decisions that would jeopardize the growth strategy approved by the Air France-KLM BoD. The Board is aware of the difficulties currently being traversed by Air France and requested to be kept regularly informed of the company’s labor situation.

See for details AVIONEWS. 

red - 1211642

© World Aeronautical Press Agency Srl