Air France-KLM Reorganizes Long-Haul Fleet to Boost Efficiency

Date : 06/28/2019 @ 1:49PM
Source : Dow Jones News
Stock : Air France KLM (AF)
Quote : 4.931  -0.323 (-6.15%) @ 4:40PM
Air France KLM share price Chart

Air France-KLM Reorganizes Long-Haul Fleet to Boost Efficiency

Air France KLM (EU:AF)
Historical Stock Chart

1 Year : From Mar 2019 to Mar 2020

Click Here for more Air France KLM Charts.

By Olivia Bugault

 

Air France-KLM (AF.FR) said Friday that its two major airlines, Air France and KLM, will swap their remaining orders of Boeing Co.'s (BA) 787 jets and Airbus SE's (AIR.FR) A350 planes to improve the group long-haul fleet's efficiency.

The Franco-Dutch airline said that between 2021 and 2023, Air France will transfer its six Boeing 787 aircraft to KLM, while the current firm order for seven A350-900 jets for KLM will be transferred to Air France.

"This is the first step toward harmonizing and simplifying the Air France-KLM Group fleet at its two major airlines," group Chief Executive Benjamin Smith said.

Further fleet developments at Air France are currently under study and stakeholders are being consulted, the company said.

 

Write to Olivia Bugault at olivia.bugault@dowjones.com

 

(END) Dow Jones Newswires

June 28, 2019 09:34 ET (13:34 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
$
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20200328 14:47:18