Delta plans four-way Atlantic venture
By
Kevin Done in London
Monday Mar 31 2008 13:05
Air France-KLM and Delta Air Lines (NYSE:
DAL) expect to receive antitrust immunity this month from the US government to form a four-way transatlantic joint venture including KLM and Northwest Airlines (NASDAQ:
NWAC) .
The joint venture, in which Air France-KLM,
Delta and Northwest would share profits and revenues and jointly plan sales, networks and capacity, would have a turnover of $12bn and would account for about 30 per cent of the
North Atlantic market.
