7th July 2010

Transatlantic venture joined by Alitalia

posted in Car Rental |
The joint venture by Europe’s Air France-KLM and Delta Airlines in the US to share revenues and costs on transatlantic routes was strengthened this week when Italy’s Alitalia announced that it would be joining the team. With the Italian flag carrier on board, the venture, which is not a merger, will control just over a quarter of the capacity moving across the Atlantic. It is estimated that the team will achieve annual revenues of around $10 billion. The four airlines are already bound together as members of the SkyTeam alliance. However, the transatlantic venture means wider cooperation on routes between Europe [...]
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