Air France-KLM Begins Formal Process for New Widebody Jets

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Air France-KLM has begun a formal process to replace some of its aging widebody aircraft, seeking to pick up more fuel-efficient jets from Airbus SE or Boeing Co. that can serve surging long-haul travel demand.

The airline group is shopping for 30 to 50 widebody jets, according to people familiar with the matter. Bloomberg News reported in June that the company was considering replacements for its Airbus A330 jets that average 20 years, alongside a batch of two-decade old Boeing 777s.