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Air France-KLM Starts Search to Replace Head of Dutch Arm

  • Board says Pieter Elbers won’t be given a third term
  • Struggling carrier has history of Dutch, French infighting
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Air France-KLM CEO on Ukraine, Capital Raise, Hiring
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Air France-KLM has begun a search to replace the head of its Dutch arm in a move that could give Chief Executive Officer Ben Smith a fresh start in improving relations between its two flag carriers. 

Shares of the airline group fell as much as 1.8% in Paris on Friday, a day after the group said Pieter Elbers “will not enter into a third term as CEO and president of KLM.”