Air France's 'absurd' valuation lures buyers where many fear to go
Sat, Sep 17, 2016 - 5:50 AM
ENCOURAGING: Fund managers are reassured by the conciliatory approach being adopted by new CEO Jean-Marc Janaillac (centre) towards labour.
EVEN by the cut-throat standards of the aviation industry, Air France-KLM Group has been a dire case: labour fights that have turned violent, cost-cutting efforts blocked by politicians, low- cost carriers aggressively taking over its home market. Yet, more investors are...