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Analysis: Air France-KLM CEO hunt signals industry strategy shift under Macron

Reuters  |  PARIS 

By Richard LoughPARIS (Reuters) - The hunt for a new chief executive to lead Air France-KLM, a group hobbled by union resistance to cost-cutting at its French brand, is testing President Emmanuel Macron's resolve for a lighter state touch on the economy.Macron's government has told the Franco-Dutch airline group its very survival is at stake if it fails to become more competitive and undergo the painful reforms completed by carriers such as British Airways and Lufthansa as they battle low-cost airlines and Gulf carriers.In what would signal a subtle shift in French industrial strategy, two ...

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First Published: Tue, July 10 2018. 21:02 IST