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January 7, 2013
06:16 EDTAFLYYAir France-KLM says it's not buying Alitalia, Reuters reports
Air France-KLM (AFLYY) denied a report in Il Messaggero that it was in advanced talks to buy out Italian investors in Alitalia and take control of the airline, reports Reuters. The paper reported that Air France-KLM, which has held 25% of Alitalia since January 2009, would offer remaining shareholders a 20% premium on what they paid in 2008. Reference Link
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September 19, 2014
13:59 EDTAFLYYAir France pilots prolong strike to September 26, WSJ says
Pilots working for Air France's French division prolonged their strike until September 26, according to The Wall Street Journal, citing company officials. The demonstration has cost the company between EUR10M-EUR15M per day, ultimately forcing the airline to cancel nearly 60% of its flights since September 15. Reference Link
September 18, 2014
06:33 EDTAFLYYAir France pilots continue strike which started September 15, Reuters says
Air France pilots have maintained their stance in a disagreement regarding cost reductions by continuing their strike, which originally started four days ago, according to Reuters, citing comments from Air France CEO Alexandre de Juniac. The airline has been forced to cancel close to 60% of its flights due to the demonstration. Juniac said, "I am asking the pilots: come on board with us. Negotiations are not over, we are starting again this." Reference Link
September 17, 2014
06:47 EDTAFLYYFrench Prime Minister asks for Air France strike to cease, Reuters says
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September 15, 2014
06:25 EDTAFLYYAir France pilots commence one-week strike, Reuters says
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September 11, 2014
06:35 EDTAFLYYAir France-KLM comments on medium-financial targets to 2017
Air France-KLM said it would target EBITDAR up by 8%-10% per year between 2013 and 2017 as part of a turnaround plan aimed at focusing on long-haul operations and restructuring. The company is also targeting an adjusted net debt/EBITDAR ratio of below 2.5 from 2017. The targets are consistent with a ROCE of 9%-11% in 2017. The group will continue to restructure its point-to-point operations, aiming at a return to operating breakeven by 2017. From a financial perspective, Air France-KLM plans to pursue the reduction in its unit costs and selective capex management while adopting a disciplined approach to growth opportunities.

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