Air France ends costly pay stand-off with unions

Air France has ended a costly stand-off with its workforce after agreeing a new wage deal with the “majority” of its unions. The Financial Times reports the new agreement covers 76.4% of employees, although the main pilot union was not among the signatories. Even so, the carrier believes the new agreement remains valid. The stand-off’s biggest casualty was former chief executive Jean-Marc Janaillac, who handed in his “shock” resignation in May after a pay deal was rejected. To date, the strikes have cost the carrier €335m this year. But concern lingers over the rejection of the new deal by the pilot union, with one analyst suggesting the potential for strikes has lingered.