I get the same impression. He has bet on a plane that has flopped hard.
I think another problem with Air France is its safety record.
This is the main reason why I prefer Boeings overwhelmingly to Airbuses. You can never fly an Airbus by the seat of your pants while you still can on a Boeing with their computerized conventional...
Time to seriously bring back the 757.
It's amazing how fast the 747 is being retired. It is still an iconic aircraft, but sentimental value is no match for basic economics.