Transportation Industry
AIR TRANSPORT : NEW TRANSATLANTIC JV AIDED BY OPEN SKY AGREEMENT.
Transport Europe, June, 2009
Air France-KLM and Delta Air Lines, the leading air carriers in Europe and the United States, respectively, have created an Air France-KLM-Delta joint venture, which reinforces their transatlantic cooperation under the auspices of the Open Sky agreement, negotiated with Washington last year by the European Commission.
The Franco-Dutch and US airlines decided to combine their transatlantic routes, the world's leading long-haul market, as well as their continuation onto other worldwide destinations, and to share the costs and revenues, which goes beyond the simple code-sharing practiced in airline alliances (Air France-KLM and Delta belong to the Sky Team alliance).
BATTLE OF THE SKY
The agreement they signed, on 20 May in Paris, qualifies...
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