Action delays Air France IPO

PUBLISHED : Saturday, 22 August, 1998, 12:00am
UPDATED : Saturday, 22 August, 1998, 12:00am

Paris: Air France's initial share sale, originally planned for this autumn, will be delayed until early next year as negotiations with the pilots drag on past their scheduled date. The announcement by the French Transport Ministry confirmed a report in Paris daily Liberation , which yesterday said negotiations on salaries and a share-for-wages swap between Air France and the main pilots' union, SNPL, would not be concluded by the August 31 deadline.