Air France said to start exclusive talks on unit sale in Wweeks

Air France-KLM Group will enter into talks with an exclusive buyer for its in-flight service unit Servair within the next few weeks, a person familiar with the plan said. The company won’t sell the entire business, said the person, who declined to be identified because the discussions are private. Servair, the world’s third-largest in-flight caterer, was valued at about E300m by analysts in 2012 when the carrier also looked into selling part of the business. A spokesman for Air France-KLM declined to comment. Europe’s biggest airline is seeking to cut costs and raise cash as it seeks to compete with airlines such as Emirates in the international travel market and Ryanair Holdings Plc on shorter routes. The company needs to accelerate its turnaround, CEO Alexandre de Juniac said Thursday after announcing his resignation earlier in the week.<br/>