The Air France KLM Group and Delta Air Lines announced a new long-term joint venture whereby the partners will jointly operate their trans-Atlantic business by coordinating operations and sharing revenues and costs of their trans-Atlantic route network. The airlines will cooperate on routes between North America and Africa, the Middle East and India, as well as on flights between Europe and several countries in Latin America.
The joint venture represents approximately 25% of total trans-Atlantic capacity with annual revenues estimated at more than $12 billion (approximately 9.3 billion euros, reference year 2008/09).
