Air Transport World

Air France Group. (Europe report).(receives shareholder approval to reduce state ownership)(Brief Article)

Air France Group shareholders on July 10 approved resolutions that will permit the French state to reduce its 54% stake in the carrier. CEO Jean-Cyril Spinetta said freedom from state control is "necessary to give AF the means to fully develop." He said the riming of privatization is up to the government and also told shareholders that the company is on track to meet its target of achieving a slight improvement in full-year operating profit before aircraft sales, although "the outlook for the rest of the year is still fragile. …

Log in to your account to read this article – and millions more.