World Air France-KLM CFO Rejects Any Talk of Carrier’s Breakup
The Beheading of a Teacher in France Exposes a Cultural Schism That Threatens President Macron's Future
The killing of Samuel Paty threatens to shift the national conversation to the turf of the country’s resurgent far-right . “This is the beginning of the grand maneuvre around the next elections,” says Emmanuel Rivière, CEO of the public division of the Kantar polling agency in France. The French leader is not well-suited to the current battle, he says; Macron faces a tough reelection contest in April 2022, for a second five-year term. “Macron is identified with the economy, with liberalism, with his international reputation,” he says. “He is not identified with crime and terrorism.
(Bloomberg) -- Air France-KLM Chief Financial Officer Frederic Gagey rejected any talk of a breakup of the Franco-Dutch carrier, saying the decade-and-a-half-old union will help the company get through the Covid-19 health crisis.
Splitting the French and Dutch arms wouldn’t benefit either side, Gagey said in an interview Friday with Bloomberg TV. He added that he didn’t understand how anyone could think it would, despite tensions that have periodically sprung up.
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“The cooperation, in spite of what you read here and there, is extremely deep,” Gagey said. “The two teams work together on a daily basis in excellent conditions.”
Gagey was responding to comments from French transport minister Jean-Baptiste Djebbari, who told Bloomberg News this week that the airline’s future as a combined company will be tested by talks on injecting. The discussions between top shareholders France and the Netherlands will raise fundamental questions about the way Air France-KLM is structured, the minister said.
The company’s shareholding structure is complex, giving the Dutch side some independence, and a bitter spat erupted between the nations when the Netherlands stealthily amassed a stake to match that of the French government. While there can always be improvement in they way Air France and KLM work together, they cooperate daily, Gagey said.
Opinions | Instead of fighting systemic racism, France wants to ‘reform Islam’
Another terrorist attack has intensified anti-Muslim sentiment. When a terrorist in the Paris suburb of Conflans-Sainte-Honorine beheaded Samuel Paty, a middle school teacher who’d shown his students caricatures of the prophet Muhammad, he was transformed from an educator into a national symbol. Paty is the latest of more than 260 French killed in similar attacks since 2012. As with Jacques Hamel, an 85-year-old priest whose throat was slashed by Muslim fundamentalists in 2016 in a small stone church in the village of Saint-Étienne-du-Rouvray, Paty’s killing was portrayed as an attack on the soul of France.
Air France-KLM warned Friday of a worsening outlook for the company and the industry amid a resurgence of the pandemic in Europe. That’s built pressure on both governments to find agreement on a recapitalization.
“One day or another we’ll have to solve the question of the equity of the group,” Gagey said. “We’re working on it, but it’s a ultimately a discussion and a decision of the main shareholders.”
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France boosts its border controls after terrorist attacks .
PARIS (AP) — French President Emmanuel Macron said on Thursday that France is reinforcing its border controls after a series of terrorist attacks that hit the country in recent weeks. Macron said the number of police and troops in charge of border controls will double from 2,400 now to 4,800. They will focus on fighting illegal immigration and smuggling activities, he said, during a visit to a frontier post in Le Perthus, at the border with Spain.