Tag: Joint venture

Fraport and Lufthansa Establish “FraAlliance” Joint Venture

Fraport and Lufthansa have formed a new joint venture called “FraAlliance”. Each company holds a 50% share in the new venture. The two companies intend to use FraAlliance to strengthen their existing cooperation on strategic and operational matters at Frankfurt Airport and thus, plan to deep...

Ethiopian Partners with Industrial Development Corporation in Launching of Zambia Airways

Ethiopian Airlines has announced that it has finalized preparations for the launch of Zambia’s National Carrier in a joint venture with Industrial Development Corporation Limited (IDC). Ethiopian has 45 percent stake in the joint venture while Industrial Development Corporation Limited (IDC) re...

Spirit AeroSystems signs joint venture agreement with EGAT

Spirit AeroSystems announced today a planned expansion of its aftermarket presence in the Asia-Pacific region by signing a joint venture agreement with Evergreen Aviation Technologies Corporation (EGAT). The new agreement is expected to complement Spirit's recent acquisition of Applied Aerody...

Delta and LATAM sign trans-American Joint Venture Agreement

Delta and LATAM sign trans-American Joint Venture Agreement

Delta Air Lines and LATAM Airlines Group and its affiliates have signed a trans-American Joint Venture Agreement that, once regulatory approvals where required are granted, will combine the carriers’ highly complementary route networks between North and South America, providing customers with a s...

Azul and TAP Sign Commercial Joint Venture Agreement

Azul and TAP Sign Commercial Joint Venture Agreement

Azul S.A., announces today the signing of a commercial non-corporate joint venture (“JV”) agreement with Transportes Aéreos Portugueses S.A. (“TAP”).  “We are delighted to further strengthen our partnership with TAP. Through this JV, we will offer expanded flight schedules, competiti...

Norwegian to establish a joint venture for parts of its aircraft fleet with China Construction Bank Leasing Corporation

Norwegian to establish a joint venture for parts of its aircraft fleet with China Construction Bank Leasing Corporation

The purpose of the joint venture (JV) between Norwegian and China Leasing International Corporation DAC (CCBLI) will be to finance, own and lease aircraft that Norwegian has on order. The agreement will strengthen Norwegian’s financials considerably. Initially, the JV comprises 27 Airbus A320 ...

US gives green light to Delta, Air France, KLM and Virgin to expand JV

US gives green light to Delta, Air France, KLM and Virgin to expand JV

The U.S. Transportation Secretary Elaine L. Chao said on Friday (2 August) the Department has tentatively approved a request by Delta Air Lines, Air France, KLM, and Virgin Atlantic to launch an expanded joint venture for all services between the US and Europe. The fresh JV would replace two pre...

KLM and Air Mauritius suspend their joint venture operations

KLM and Air Mauritius suspend their joint venture operations

KLM and Air Mauritius will suspend their joint venture (JV) operations between Mauritius and Amsterdam at the start of the 2019 winter season effective from 27 October 2019. The current joint operations on the two weekly Air Mauritius’ operated flights will continue throughout the summer 2019 s...

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