This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/7048436.stm
The article has changed 3 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
Airlines agree transatlantic deal | Airlines agree transatlantic deal |
(about 7 hours later) | |
Air France-KLM and Delta Air Lines have agreed a tie-up over translantic flights which they say will offer more choice and value for passengers. | Air France-KLM and Delta Air Lines have agreed a tie-up over translantic flights which they say will offer more choice and value for passengers. |
Under the deal, the two airlines will share revenues from flights between Europe and the US, expected to total $8bn (5.6bn euros) a year from 2010. | Under the deal, the two airlines will share revenues from flights between Europe and the US, expected to total $8bn (5.6bn euros) a year from 2010. |
Closer co-operation would allow the carriers to launch new routes and run services more frequently, the duo said. | Closer co-operation would allow the carriers to launch new routes and run services more frequently, the duo said. |
Airlines want to exploit the opening-up of US-European travel next year. | Airlines want to exploit the opening-up of US-European travel next year. |
'Open skies' | 'Open skies' |
From March 2008, airlines will legally be able to fly from anywhere in the US to anywhere in Europe under the so-called "Open Skies" agreement. | From March 2008, airlines will legally be able to fly from anywhere in the US to anywhere in Europe under the so-called "Open Skies" agreement. |
For many years, airlines on both sides of the Atlantic have railed against restrictions on offering transatlantic services from airports such as Heathrow and JFK in New York. | |
These lucrative slots have been dominated by BA, Virgin Atlantic, United Airlines and American Airlines. | |
The agreement marks an unprecedented move to offer our customers a greater choice of routes and schedules Air France-KLM, Delta Air Lines statement | The agreement marks an unprecedented move to offer our customers a greater choice of routes and schedules Air France-KLM, Delta Air Lines statement |
Air France-KLM and Delta have co-operated on logistical matters since the late 1990s, but this agreement is more far-reaching. | Air France-KLM and Delta have co-operated on logistical matters since the late 1990s, but this agreement is more far-reaching. |
From April, the two airlines will sell tickets for each other's flights between Heathrow and the US, as well as between other hub airports in France and the US. | |
New flights to be introduced as part of the alliance include Delta services between Heathrow and New York and between Paris and Salt Lake City. | |
'Unprecedented move' | |
The deal will be expanded in 2010 to include all flights between Europe and the US. | |
"The agreement marks an unprecedented move to offer our customers a greater choice of routes and schedules," the two firms said in a joint statement. | "The agreement marks an unprecedented move to offer our customers a greater choice of routes and schedules," the two firms said in a joint statement. |
"Together, we will be able to provide our customers with an outstanding transatlantic service, both in terms of routes, capacity, frequencies and quality of service." | "Together, we will be able to provide our customers with an outstanding transatlantic service, both in terms of routes, capacity, frequencies and quality of service." |
The two airlines hope to extend the alliance to include US carrier Northwest Airlines. | |
Delta emerged from bankruptcy protection earlier this year and recently reported strong growth in quarterly profits. | Delta emerged from bankruptcy protection earlier this year and recently reported strong growth in quarterly profits. |
Air France and KLM merged three years ago, but still operate stand-alone services, largely to keep hold of lucrative landing slots at crowded airports such as Heathrow. | Air France and KLM merged three years ago, but still operate stand-alone services, largely to keep hold of lucrative landing slots at crowded airports such as Heathrow. |