No new Air France-KLM leadership before end-August: Sources

Air France-KLM is unlikely to name a new leadership team before the end of August or early September, sources close to the matter said. The airline has been hunting for a new boss to fill a gap left by the abrupt departure of CE Jean-Marc Janaillac in May, after staff rejected a pay proposal aimed at ending strikes that have resulted in heavy losses. Air France KLM reported its Q2 results Wednesday but did not give clues on the CE search. "The initial timetable was - 'Let's strive for an announcement before end-July.' It was the will of the nomination committee to identify a candidate before the end of the month," said one of the sources. But disturbances ranging from media speculation about the potential candidates to AccorHotels voicing an interest in buying a stake in Air France KLM, had complicated the process, said the sources. <br/>