Delta and WestJet agree to form joint venture

Delta Air Lines and WestJet have agreed to deepen their existing partnership by entering into a comprehensive transborder joint venture that will increase travel choices between the U.S. and Canada. The airlines have entered into a preliminary memorandum of understanding regarding their intention to deepen their existing partnership to form an commercial joint venture arrangement, which will offer customers access to an extensive transborder route network, world-class airline products, enhanced frequent flyer benefits, shared airport facilities and amenities, and a more seamless travel experience. Highlights of the planned joint venture arrangement, subject to board approvals, execution of definitive agreements and applicable regulatory approvals, in the United States and Canada, include:
– Coordinated flight schedules for new nonstop flights to new destinations, expanded codesharing and seamless and convenient connections on the airlines’ extensive networks in the U.S. and Canada.
– Enhanced frequent flyer benefits including reciprocal benefits for top tier members of both airlines.