News

Air France-KLM, Delta and Virgin Atlantic Strengthen Transatlantic Partnership

Air France-KLM, Delta and Virgin Atlantic Strengthen Transatlantic Partnership

Air France-KLM, Delta Air Lines and Virgin Atlantic have signed definitive agreements paving the way forward for their expanded transatlantic joint venture.

The Joint Venture Agreement signed between Air France-KLM, Delta and Virgin Atlantic sets out the governance as well as the commercial and operational terms of the expanded transatlantic Joint Venture. On completion, Air France-KLM will acquire a 31% stake in Virgin Atlantic currently held by Virgin Group for £220 million. Virgin Group will retain a 20% stake and Chairmanship of Virgin Atlantic. Delta will retain its 49% stake.

Air France-KLM, Delta and Virgin Atlantic will now co-ordinate efforts to secure the appropriate regulatory approvals.

The airlines’ expanded joint venture aims become the preferred choice for customers travelling across the Atlantic by offering the most comprehensive route network, convenient flight schedules, competitive fares and reciprocal frequent flyer benefits, including the ability to earn and redeem miles across all carriers. Customers will also benefit from the co-location of facilities at key hub airports to improve connectivity and access to each carrier’s airport lounges for premium passengers.

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, copywriter, editor and proofreader for 52 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 42 years.

More in News

Four Province Winners of ITTN Travel Agency of the Year Awards Announced

Neil SteedmanOctober 18, 2018

Cobalt Air Cancels All Flights Due to “Indefinite Suspension” of Operations

Neil SteedmanOctober 18, 2018

Flight Check: Dublin-Doha-Bangkok with Qatar Airways

Neil SteedmanOctober 18, 2018

IMFT 2018 Shines a Light on Thailand’s Thriving MICE Scene

Fergal McAlindenOctober 18, 2018

The Sky’s the Limit as Mount Charles Announces £30m BIA Contract Deal

Michael FloodOctober 18, 2018

Leitrim Leads the Way in Slow Adventure Tourism

Michael FloodOctober 18, 2018

Nordic Business Class Service Enhancements

Neil SteedmanOctober 17, 2018

Introducing the Traditional ‘Kahvikutsut’

Neil SteedmanOctober 17, 2018

Best-in-Market In-flight Internet Service

Neil SteedmanOctober 17, 2018

Copyright © 2016 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland