28 MAY 2018


Readers are invited to add their comments to any story. Click on the article to see and add.


BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.


Email this Page

The Business Travel News
PO Box 758
Edgware HA8 4QF
United Kingdom
+44 (0)20 8952 8383
© 2020 Business Travel News Ltd.

Article from BTNews 28 MAY 2018

Atlantic deal next steps

Final details of the Joint Venture Agreement between Air France-KLM, Delta Air Lines and Virgin Atlantic Airways which sees a 31% stake in Virgin Atlantic currently owned by the Virgin Group sold to Air France-KLM for £220m were released last week.

In a joint statement issued in Paris, Atlanta and London, the companies said they had signed “definitive agreements” setting out the governance and commercial and operational terms of the expanded transatlantic operation.

As already reported (BTN 31 July 2017), Air France-KLM will on completion acquire the Virgin Atlantic stake; Virgin Group will retain a 20% stake and chairmanship of Virgin Atlantic, while Delta will retain the 49% stake it already holds in Virgin.

The partners said they would now coordinate efforts to secure the appropriate regulatory approvals with a view to the joint venture “becoming the preferred choice for customers travelling across the Atlantic”.

This would be achieved by the carriers offering “the most comprehensive route network, convenient flight schedules, competitive fares and reciprocal frequent flyer benefits”.

Customers would 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, the statement added.




Index/Home page

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum

No one has commented yet, why don't you start the ball rolling?

Add your comment

First Name
Email Address
Company (Not obligatory)
- You must be a registered subscriber using the email address entered to submit a comment, or you will be sent a confirmation email before your comment will appear.
- Your comment will be checked before appearing, which may take several working hours.