9-Jul-2010 10:18 AM

European carriers feel pressure from Middle East airlines: CEO

Air France-KLM CEO, Pierre Henri Gourgeon, stated European carriers are facing increased competition from Middle Eastern airlines, stating: “These carriers are not private, commercial carriers; they are owned and financed by rich states” (Bloomberg, 08-Jul-2010). He added that Air France plans to remain competitive through the JV which broadens its network, increase revenues and reduce costs.