Air France-KLM-Delta Deal: Atop the Atlantic - by Carol Matlack
Most of the world's major airlines cozied up long ago in alliances to improve efficiency and expand their route networks. But Air France-KLM and Delta (DAL), partners in the SkyTeam alliance, significantly tightened their embrace on May 20 as they sealed the creation of a $12 billion-a-year joint venture that will become the biggest operator of flights between the U.S. and Europe. The joint venture will take over all North Atlantic flights now run by the two carriers, including those operated by a KLM-Northwest Airlines joint venture before Northwest's 2008 merger with Delta. All told, the new JV will handle about 50,000 passengers a day, or 25% of all North Atlantic traffic.
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