Posted on: 02 August 2018 by Mark Howells
Air France-KLM and Air Europa are in talks aimed at forming a new joint venture agreement for their flights between Europe and Central and South America.
The agreement, they say, would allow both to expand their offerings and enhance travel opportunities for their respective customers. The airlines have been in co-operation for a lengthy period of years already, with their current partnerships consisting mainly of successful codeshare agreements between and beyond Paris and Amsterdam on the one hand and Madrid on the other.
Air France and Air Europa started their code share co-operation in 2003 and currently cover 21 code share routes within Europe, while KLM and Air Europa have been collaborating since 2002 and operate 19 code share routes within Europe.
“Both parties are currently conducting an integral analysis of a deeper and expanded co-operation, aiming at a joint venture agreement between Air France-KLM and Air Europa between Europe and Central/South America to strengthen the joint offer to customers. The complementarity of the respective networks from/to Central and South America will provide significant additional benefits for customers in the form of better connectivity, increased seat availability and a basis to launch new routes and direct flights between the two continents,” they said in a joint statement.
The airlines are carrying out an in-depth legal analysis of the terms of this potential agreement in order to ensure compliance with all applicable laws and regulations, they added.
“The deepening of our co-operation with Air Europa through a joint venture will provide a strong foundation for us to work even closer together in order to enhance our offer on routes between Europe and Central/South America. We are striving to even increase and improve our current leading role on these markets and offer our joint customers more benefits together with our long term partner Air Europa,” said Frédéric Gagey, chief executive officer and chief financial officer, Air France-KLM.
“We are proud to be strengthening and expanding the successful relations we have with Air France-KLM and to be working together as part of the new co-operation project between Europe and Central and South America. We are convinced that this new alliance will provide great benefits for both airlines as well as considerable advantages for our customers,” said Javier Hidalgo, CEO of the Globalia tourism group, which owns Air Europa.
Written by: Mark Thomas
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