Air France to release a new round of cuts after failing to reach an agreement with its pilots

Air France (Paris) plans to announce a new round of cuts after failing to reach a new agreement with its pilots according to the Wall Street Journal. The airline was seeking to find cost savings of $190 million annually for the next three years but the pilots refused to fly more hours for the same pay.

Read the full report: Read the Full Story (LRW)

Copyright Photo: Manuel Negrerie/AirlinersGallery.com. Air France is due to operate the last Boeing 747-400 revenue flight on January 11, 2016, ending a long historic run with the 747. However if the carrier follows through on further deeper cuts the type could be retired sooner. Boeing 747-428 F-GITF (msn 25602) departs from the Paris (CDG) hub.

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