Air France-KLM Group board members held a meeting last week ahead of the official unveiling of their new “Perform 2020” five-year growth plan later this week. Among the decisions taken were the phasing out of the Group’s loss-making freight subsidiary, Martinair, and the repositioning of Transavia France and Transavia Airlines as regional budget carriers. The Air France-KLM board said a slower than expected recovery in demand had led to the decision to reduce its Amsterdam-based dedicated freighter fleet to just three aircraft by the end of 2016. Five Martinair MD-11Fs will be phased out on an accelerated basis during 2015

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