At its recent Investor Day, Air France and partner KLM Royal Dutch Airlines have outlined their proposed "Perform 2020" strategic growth plan which was originally outlined in July 2014. This is the successor to their "Transform 2015" cost-cutting and restructuring plan which will come to a close this year. The Group will scale down its full freighter fleet from 14 aircraft to just five at the end of 2016 (two B777-Fs in Paris CDG under Air France Cargo, and three B747-400(F)s in Amsterdam … [Read more...] about AF-KLM to shrink full freighter fleet
Air France
AF-KLM undertakes surgery, Martinair spared
Contrary to much speculation in recent weeks, the Air France-KLM-Martinair group will retain its all-maindeck subsidiary Martinair, albeit with a drastically reduced fleet. Over the next two years Martinair Cargo’s fleet will drop dramatically from the current 10 aircraft to just three. All five old MD11F in the fleet will be retired progressively starting shortly and ending in 2016 and in addition, a B747-400ERF, which is currently leased to Etihad Airways, will be returned to the leasing … [Read more...] about AF-KLM undertakes surgery, Martinair spared
Schenker sues carriers over cargo price fixing
Deutsche Bahn’s logistics subsidiary Schenker has filed a lawsuit against certain air cargo carriers operating in the US market, allegedly claiming damages for illegal fixing fuel and security surcharges for shipments from, to and within the US from 1999 until at least 2006. The complaint was filed in New York federal court against air cargo carriers Air France, KLM, Martinair, Cargolux, Qantas, SAS and All Nippon Airways. All the defendants have entered into guilty pleas and have been … [Read more...] about Schenker sues carriers over cargo price fixing
“All options” on the table for AF-KLM group
The Air France-KLM-Martinair Cargo group has said it is currently studying the future of its cargo business and the role of dedicated freighters within that business. The results of this study, expected to be announced by mid-July, cover anything from continuing with the status quo, to drastic action that could include exiting dedicated freighter operations altogether, the group’s senior cargo management said recently. Speaking at a press conference at Amsterdam Airport … [Read more...] about “All options” on the table for AF-KLM group
“All options” on the table for AF-KLM group
The Air France-KLM-Martinair Cargo group has said it is currently studying the future of its cargo business and the role of dedicated freighters within that business. The results of this study, expected to be announced by mid-July, cover anything from continuing with the status quo, to drastic action that could include exiting dedicated freighter operations altogether, the group’s senior cargo management said recently. Speaking at a press conference at Amsterdam Airport … [Read more...] about “All options” on the table for AF-KLM group
AF-KLM sinks deeper into red
The Air France-KLM group reported this week its biggest loss since the merger of the two carriers in 2004 with a loss of of €1.56 billion for the full-year ended 31 March, up from a loss of €814 million a year earlier. Revenue fell 15 per cent year-on-year to €21 billion. The group's finances were starting to improve at the end of 2009 on signs of an upswing in traffic, but earnings have been pulled down since April due to the impact of ash clouds from an Icelandic volcano, … [Read more...] about AF-KLM sinks deeper into red
