Air France-KLM will defer deliveries of five aircraft and not exercise options on two more as part of the reduction of its medium-term fleet needs under its new business plan.
The SkyTeam carrier group is to postpone delivery of three Airbus A320s from 2013 until 2015 and one Boeing 777 due to have been delivered in 2015 until 2016. It has also postponed the delivery of two Airbus A380s from 2014 until 2016.
In addition the group has decided not to exercise options on a further two Boeing 777s. Air France currently has options on three 777 freighters and one 777-200ER, while KLM has options on two 777-300ERs.
Air France-KLM's decision to cap investment to less than €5 billion over a three year period, and scale back its medium-term fleet plan, are part of a package of measures aimed at returning the group to profitability within three years. The announcements were made yesterday after a group board meeting.