AIR FRANCE - KLM : AIR FRANCE - KLM : Change in Governance

          AIR FRANCE - KLM : AIR FRANCE - KLM : Change in Governance

                                                             25^th March 2013

Change in Governance

At the  Air  France-KLM Board  Meeting  held in  Paris  on 25^th  March  2013, 
Jean-Cyril Spinetta and Leo van Wijk announced that they will be stepping down
as the Group's Chairman and CEO and Vice Chairman and Deputy CEO respectively,
on 1^st July 2013. 

"When we were asked by the Board of Directors to assume our current  executive 
positions in October 2011, we had a twofold objective," they declared.  "This 
was to put Air France-KLM  back on the road to  recovery by cutting costs  and 
reducing debt, as well as to set up a new, more integrated organization of all
the  Group's  strategic   functions.  The  Transform   2015  recovery   plan, 
simultaneously launched last year at Air France and KLM, is now bearing  fruit 
thanks to the  agreements which  have been signed  by both  airlines with  the 
representative trade unions and works  councils. The Group net debt  decreased 
in 2012. The new governance of the Air France-KLM Group will be up and running
as of July this year.
Under these  circumstances,  we  believe  the timing  is  right  for  the  new 
management team to take over in order to ensure the continuity of the  Group's 
economic and financial recovery and the implementation of its new  governance. 
We would like  to take this  opportunity to both  congratulate and thank  our 
people for  their  clear-sighted  and  responsible  approach  to  the  Group's 
recovery plan which could not have  been launched otherwise and which will  be 
vital to pursue."

The Air France-KLM Board of Directors took note of these decisions and thanked
Mr. Spinetta and Mr. van Wijk warmly for their accomplishments at the helm  of 
the Group since it was first set up in 2004, and in particular since 2011. 

The Board underlined "the importance of the merger between Air France and  KLM 
in 2004, the first between two major airlines from different nations, and  one 
which radically changed the air transport landscape by creating a European and
global leader. It also opened the  way for the consolidation of the  industry 
in Europe, so vital with the advent  of a large single European market,  which 
is now virtually  complete. The success  of this merger,  which has  inspired 
others in both Europe and elsewhere, is based on an approach of open dialogue,
mutual respect and fairness, thereby  building trust between the employees  of 
both companies. This  success, which we  owe to the  commitment of  Jean-Cyril 
Spinetta and Leo van Wijk, will enable the Air France-KLM Group to embark on a
new phase in its integration.

The new  governance, combined  with  the Transform  2015 recovery  plan,  will 
support the strategy aimed at ensuring  the Air France-KLM Group continues  to 
play a leading role in the consolidation of global air transport."

Following the proposal of the Appointments Committee, Alexandre de Juniac will
succeed Jean-Cyril Spinetta as Chairman and CEO of the Air France-KLM Group as
from 1^st July  2013, and  Peter Hartman  will succeed  Leo Van  Wijk as  Vice 
Chairman of the Board at the same time.

The Air  France Board  of Directors,  which  met on  the same  day,  appointed 
Frédéric Gagey to take over  from Alexandre de Juniac  as Chairman and CEO  of 
Air France as of 1^st July 2013.

Change of Governance


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Source: AIR FRANCE - KLM via Thomson Reuters ONE
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