A way to counter the expansion of Lufthansa in Europe

It is now made. Since January 1, Pierre-Henri Gourgeon is officially the new pattern of Air France-KLM and its main entity, Air France. After eleven years at the head of the air group, Jean - Cyril Spinetta has passed the relay to his two no.1, as announced last September, to retain only the Presidency of the boards of Directors of Air France-KLM and Air France.

This change in continuity, intended as sweet as possible, gave rise to no ceremony. The first taking of Pierre-Henri Gourgeon speech in his new functions will be the traditional greetings to the staff meeting, on 8 January. It is not, nor, a disruption of staff accompanied, the new boss did not want number to appoint two Deputy Executive Directors, including the list remains unchanged. Invalid noticeable novelty, a small move to Roissy - CDG headquarters, Pierre - Henri Gourgeon restored the former Office of the Presidency, while Jean - Cyril Spinetta, whose main office is now located in the Air France building

This passage of relay comes however of a significant change in the structures of the group, with dissociation, both Air France and Air France-KLM, President of the boards of Directors and CEO functions. Unlike his predecessor, Pierre-Henri Gourgeon is therefore not CEO, but Executive Director General. This mode of organization in the Anglo-Saxon countries (where spoke of "chief executive officer") to separate the Executive and control functions. But it will probably require a time of adaptation for the employees of Air France, accustomed to the "President" to their boss. Formally, the only "President" is Jean-Cyril Spinetta, whose function is now limited to a role of Council and control over strategic orientations.

One pilot of the company

Pierre-Henri Gourgeon is not the only pilot of the company. It is also not a provisional solution to prepare for the subsequent drop of a true successor to Jean-Cyril Spinetta. The mandate of the latter court until 2010 and the new Director General until 2011, and the other will have the opportunity to exercise another term. The current governance would continue so until 2013-2014.

What to allow cross not only the current crisis, but also to complete the evolution of the group. If the priority of the moment remains flying on the day the day, the eye bolted on key indicators to meet any stall, several strategic meetings await Pierre-Henri Gourgeon. The first should be the signing, on 10 January, an alliance with the new Alitalia, with an equity participation by 25, to EUR 250 million. A way to counter the expansion of Lufthansa in Europe. The second major event will be enlargement, on 1 April, the joint venture agreement initiated in April 2008 between Air France and Delta to the ex-Northwest and KLM, or even to Alitalia, to consolidate their "leadership" on the transatlantic market. 2009 should also result in an acceleration of synergies with KLM. If an outright merger is excluded, the two companies will spend stage of activity coordinated to the combined activities, with such a grouping of business computing.

But the most difficult for Pierre - Henri Gourgeon will probably preserve the social pact established by Jean-Cyril Spinetta among Air France, which is based primarily on the maintenance of employment. A commitment hardly tenable if activity continues to decline, knowing that the results of the company is already degraded. In the second quarter, his margin was almost melted in half, to 6.8 and its contribution to the benefit of the Group was significantly lower than that of KLM, but smaller.