The board of Air France has accepted the formal resignation of chief executive Jean-Marc Janaillac, describing his action as “courageous” while praising the results he has achieved at the airline since taking office in 2016 as having “enabled Air France-KLM’s successful turnaround and growth”. The board has also now adopted transitional governance arrangements, which places Frédéric Gagey, Air France-KLM’s chief financial officer, as the Group’s chief executive officer. Franck Terner, the chief executive officer of Air France and Pieter Elbers, the CEO of KLM, will serve as deputy group CEOs. The three individuals will comprise the Comité de Direction Collégiale

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