Air France to disclose new cost cutting plan in May: media
04/02/2007|6:02:00 PM|Eyefortravel

Air France-KLM is set to unveil a three-year cost-cutting plan of up to 1.5 billion euros ($2 billion) when the Franco-Dutch airline releases its full-year results in May, according to a French weekly magazine. (3/29/2007)

As per the information available, Challenges said in its Thursday edition, a preview of which was made available to Reuters, said the cost cuts of between 1 billion euros and 1.5 billion euros will affect the leasing of planes.

Air France declined to comment on the report.