Air France-KLM mulling sale of freighter aircraft

April 14, 2014 12:00 am

Air France-KLM Group is set to consider options for its cargo business that include the possibility of getting rid of dedicated freighter planes, Reuters has reported, citing two people familiar with the carrier’s plans. The airline’s board will discuss alternatives at a meeting later this month and aims to make a decision no later than September, said the people. While Air France-KLM said in February that a turnaround plan is taking hold, the Paris-based company’s cargo business is still losing money. The French unit has already cut the number of freighters to four from a dozen, though Dutch arm KLM still owns 11 dedicated wide-bodies through its Martinair unit.