Rail should be favored on domestic flight routes “with a duration of less than 2 hours 30 minutes,” warned the Minister of the Economy. By Le Figaro with Reuters –Air France will have to meet commitments in terms of profitability and environmental impact, including “a 50% reduction in its CO2 emissions per passenger and per … Read more
Heard Wednesday in the Senate, Anne-Marie Couderc who chairs the Air France KLM group, was very clear. The French government’s announcement of massive aid to Air France was a matter of days. She was right. Friday evening, after a board meeting, the state, which owns 14.3% of the Air France KLM group, unveiled its plan … Read more
The coronavirus pandemic has compromised plans to sell to private investors. By Le Figaro with Reuters –Alitalia’s turnover has dropped 87.5% this year, according to the Italian government. ALBERTO LINGRIA / REUTERS The Italian government will take full control of Alitalia in June, which the coronavirus crisis has pushed into bankruptcy, Industry Minister Stefano Patuanelli … Read more
INFO LE FIGARO – The distributor benefits from the public guarantee on a bank loan of 500 million euros. A first for a large group. –Enrique Martinez, CEO of Fnac-Darty. AFP Since mid-March, Fnac-Darty has had to lower the curtain on all its stores. In France, in Belgium, in Spain, the distributor found himself overnight … Read more
By Le Figaro with AFP The price of a barrel of oil quoted in New York fell on Friday by 8.1% to end at its lowest since January 2002 while it becomes more and more difficult to store them in the United States. West Texas Intermediate barrel for May delivery was 18.27 dollars, down 1.60 … Read more
The warehouse closings may take longer than expected. The appeal hearing is expected on Tuesday. –Amazon complied with a court ruling, starting a new risk assessment procedure for its 13,000 warehouse workers on Thursday. Pascal Rossignol / REUTERS More royalist than the king? By closing its six logistics warehouses in France on Thursday noon, Amazon … Read more
Airlines cannot afford to reimburse airline tickets not used by their customers. On Tuesday, Alexandre de Juniac, the director general of the international air transport association (Iata), the organization bringing together all the airlines, hammered him: the reimbursement of canceled flights is simply impossible. Companies, he said, have only one option: to offer vouchers to … Read more