French Gov­ern­ment Urges Air France to Pur­sue Re­forms as Strikes Bite

EME Outlook - - News -

The French Fi­nance Min­is­ter raised the pres­sure on Air France man­agers and unions to re­solve a stand-off over wages, say­ing the Gov­ern­ment would not ride to the car­rier’s res­cue as it grap­ples with worker strikes and a lead­er­ship vac­uum.

Fi­nance Min­is­ter, Bruno Le Maire urged the Com­pany and work­ers to re­sume talks, de­liv­er­ing a blunt as­sess­ment of the air­line’s fu­ture as he warned the state’s 14 per­cent Air France-klm stake was no guar­an­tee it would pick up the pieces.

“If Air France does not make ef­forts to be­come more com­pet­i­tive, al­low­ing this flag­ship to be at the same level at Lufthansa and other air­line com­pa­nies, Air France will dis­ap­pear,” Le Maire told BFM tele­vi­sion.

Ri­vals like Bri­tish Air­ways and Lufthansa have al­ready gone through painful re­struc­tur­ings to cope.

Air France-klm, which re­ported widen­ing losses in the first quar­ter even as prof­its at Dutch car­rier KLM im­proved, has reined in growth ex­pec­ta­tions for 2018 af­ter walk­outs at the French air­line.

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