This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.
It seems like more palace intrigue is surfacing from Air France-KLM headquarters.
After months of employee strikes over pay, Jean-Marc Janaillac, the airline group’s chairman and CEO, resigned in early May. Now, as Air France begins floating names to replace him, some of the airline’s partners are opposing names on the list — particularly Philippe Capron, who is currently chief financial officer of French water utility company Veolia.
According to Reuters, Capron is one of the favorites to become Air France-KLM’s new CEO. But both Dutch airline KLM, which is part of the overall airline group, and Delta, which owns an 8.8% equity stake, are less than thrilled with the choice. In fact, they formally expressed their opposition to the frontrunner to takeover the carrier’s helm.
Their main complaint? Capron’s lack of airline experience, reports France’s BFM Business.
It’s not a bad point, except that Jean-Marc Janaillac did come from an extensive aviation, tourism and transportation background, yet he couldn’t solve the current labor problems at Air France-KLM.
France’s Economy Minister Bruno Le Maire — the same official who warned that Air France might “disappear” due to all of its internal turmoil — confirmed over the weekend that Capron was being seriously considered for the role of CEO, saying he was “one candidate among several others” for the position.
Featured image courtesy Air France.
With great travel benefits, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game. Here are the top 5 reasons it should be in your wallet, or read our definitive review for more details.
- Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
- Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- No foreign transaction fees
- 1:1 point transfer to leading airline and hotel loyalty programs
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
- No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards