The chief executive of Air France-KLM may retire in October but stay chairman of the Franco-Dutch airline, Le Figaro newspaper reported, without citing any sources for its information.

Le Figaro said Air France-KLM Chairman and Chief Executive Jean-Cyril Spinetta intended to quit as CEO after 10 years in October when he reaches the age of 65.

The newspaper said Air France managing director Pierre-Henri Gourgeon could succeed him.

The French government owns just under 18 percent of the airline.

(Reuters)

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