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by Gwénaëlle Barzic and Cyril Altmeyer
PARIS (Reuters) – Two months after the resignation of its CEO, Air France-KLM plans to wait until September for the establishment of a new governance, accusing AccorHotels of have contributed to slow the process, reads it in an internal mail diffused with the employees Friday.
The hotel group revealed at the beginning of June its interest for a redemption of all or part of the 14,3% of the French State, bringing an additional element of complexity in one of the most serious crises crossed by Air France-KLM since the departure of its CEO Jean-Marc Janaillac following the failure of a referendum on salaries at Air France.
"The recruitment process should be finalized in the coming weeks, allowing the effective implementation of the new governance in September", reads in the mail to the staff of Anne-Marie Couderc, non-executive president by inte rim of group, dated Friday.
The committee of nomination of three members of Air France-KLM piloted by the non-executive president Anne-Marie Couderc had to give up to name the financial director of Veolia vis-a-vis the opposition of its major shareholders, including the state that wants an airline specialist.
"The board of directors at the end of June asked the nomination and governance committee to expand the list of candidates examined, adding international profiles from the air world, "the letter added.
The group, which believes that the process was very well advanced in mid-June has been slowed down since" by regrettable and negative external disturbances "for the group. 19659002] "These disruptions are linked for certain to the way in which the AccorHotels group manifests its capital interest for the Air France-KLM Group", underlines Anne-Marie Couderc.
AccorHotels declined to
But the AccorHotels round table could complicate matters. Its top three shareholders are Chinese, Qatari and Saudi, just as Air France-KLM denounces the lack of fair play by Gulf companies in the competition.
"The capital of Accor today is not enough to make it work, "said a source close to the discussions recently.
European legislation also requires that more than half of the capital of a European company be owned by Member States or EU nationals
According to recent information from BFM Business, AccorHotels would like their loyalty programs to be considered as having the same value as part of a merger, while Air France-KLM believes that its, Flying Blue, is worth much more than Le Club AccorHotels
"MEDIA AGITATION"
Anne-Marie Couderc also denounces "the media agitation fueled by the many rumors around 'ca potential or 'supposed' ", noting that RATP CEO Catherine Guillouard, quoted in the press among others, was never a candidate and thus did not take part in the process.
In a letter sent early in July to Anne-Marie Couderc, Reuters procured, Philippe Capron, chief financial officer of Veolia, whose candidacy failed, delivered a similar badysis.
"I do not need to tell you that this aborted and misguided process left me with a sense of waste and frustration. It wasted time on a company that did not have to lose, "he wrote.
The Air France union, the origin of strikes that cost more than 300 million euros to the company since the beginning of the year to obtain wage increases, reaffirmed "its determination to obtain satisfaction."
"Any new strategic plan can not be discussed nor receive the approval of employees and the Inter-union Air France as long as this claim will remain dissatisfied ", reads in recent tract.
At 15h58, the Air France-KLM action gained 0.7% to 7.22 euros, however, a sharp decline 47% since the beginning of the year
(With Dominique Vidalon, edited by Jean-Michel Belot)
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