"Facing the impossibility of signing agreements enabling the implementation of productivity measures to restore long-term profitability, Air France is now forced to launch a restructuring plan of its long-haul network," the airline, part of the France-Dutch group Air France KLM, said in a statement.

The new plan, some parts of which were made public months ago while others have leaked out over recent days, includes cutting back the long-haul network by 10 percent, early retirement of aircraft leading to a smaller fleet by 2017, and some 2,900 job cuts involving air crew and ground staff.

(Reporting by Andrew Callus; Editing by Ingrid Melander)

Stocks treated in this article : Air France-KLM, Airbus Group, Boeing Co
Valeurs citées dans l'article : Air France-KLM, Airbus Group, Boeing Co, MADE, KLM