AKH...the NEW Air France/KLM Message Board

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Non-Tech : AKH...the NEW Air France/KLM

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To: Skywatcher who wrote (64)	10/17/2007 12:22:18 PM
From: Skywatcher	Read Replies (1) of 72

Air France, Delta Forming Joint Venture Wednesday October 17, 3:00 am ET Air France, Delta Forming Joint Venture for Trans-Atlantic Flights PARIS (AP) -- Air France-KLM and Delta Air Lines Inc. announced a joint venture Wednesday allowing them to share revenue and profits on trans-Atlantic routes, taking advantage of the new Open Skies agreement between the United States and Europe. ADVERTISEMENT The joint venture will launch in April and have estimated annual revenue of US$1.5 billion in its first phase and US$8 billion in the second phase, the companies said in a statement. It will cover nonstop flights operated by Air France-KLM and Delta between several European and U.S. hubs of the two carriers. The chief executives of both airlines were to hold a joint news conference later Wednesday at Air France-KLM's headquarters at Charles de Gaulle airport to lay out details of the deal. The announcement came the day after Delta reported a wider third-quarter profit and its chief executive said the carrier said a deal with another airline may be in its best interest. Many airlines are jockeying to take advantage of the "Open Skies" deal, which will allow airlines to fly from anywhere in the European Union to any point in the U.S. as of March 30. Air France-KLM chief executive Jean-Cyril Spinetta has said the Open Skies agreement would allow Air France to offer flights out of London's Heathrow airport under its own flag, as well as new code-sharing agreements with Delta and KLM's partner airline Northwest Airlines Corp. Air France is said to be interested in creating a new service between Heathrow and Los Angeles, while Delta is reported to be interested in flying to New York from Paris's Orly airport. Air France and KLM merged three years ago, but both airlines are still being operated separately to retain landing slot privileges, notably at Heathrow where availability is extremely tight.

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