Air France KLM and Delta Air Lines have signed a new long-term joint venture on transatlantic routes.
The airlines will coordinate operations and share revenues and costs on routes between North America and Africa, the Middle East and India, as well as on flights between Europe and several countries in Latin America.
The joint venture represents approximately 25% of total transatlantic capacity.
"This strategic partnership puts us in a good position compared with other major alliances, which are extremely active on the world’s leading long-haul market,” said Pierre-Henri Gourgeon, president and CEO of Air France KLM.
"By optimising the use of our pooled resources, this joint venture will help us weather the current economic situation and protect our product offering.”
By Bev Fearis
