Air France-KLM will initiate the process of raising its minority stake in Scandinavian airline SAS AB to 60.5%, as it looks to extend consolidation in the European aviation industry and better compete with rivals Deutsche Lufthansa AG and British Airways owner IAG SA.

Ryanair was among airlines that announced widespread disruptions, saying in a statement it canceled more than 400 flights affecting 70,000 passengers. The company said the strike affects all its flights over French airspace, as well as traffic in and out of French airports, and urged the European Union to reform air traffic rules.

A strike by French air traffic controllers seeking better working conditions brought chaos at the height of Europe's summer travel season after around 40 percent of flights to and from Paris were canceled on Friday.