AF and Delta seal trans-Atlantic deal
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The joint venture will be implemented in April 2008. It will first apply to all trans-Atlantic flights between the Air France and Delta hubs, as well as all flights operated by either carrier between London-Heathrow and the U.S. These flights will be sold by the non- operating carrier on a codeshare basis.
From 2010, numerous flights to all destinations between Europe, the Mediterranean and North America will be part of the joint venture.
The revenues encompassed by the first phase of this joint venture is estimated at approximately US$1.5 billion per year, and more than US$8 billion per year for the second phase.
“This agreement marks an unprecedented move to offer our customers a greater choice of routes and schedules”, said Jean-Cyril Spinetta, Chairman and CEO of the Air France KLM Group, and Richard Anderson, Chief Executive Officer of Delta Air Lines.
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