Air France-KLM and Air Europa Finalizing Joint Venture
The new agreement will allow both airlines to expand their current service offerings resulting in enhanced travel options for their respective client base. Both airlines have been working together for some time with a successful codeshare agreement in place operating between and beyond Paris and Amsterdam and Madrid.
The original code-share agreement between Air France and Air Europa began in 2003 and it currently covers 21 European code-share routes, while KLM and Air Europa have had a code-share agreement since 2002 and between them operate 19 European code-share routes. As of 2007, Air Europa became a full member of the SkyTeam Alliance.
The companies are currently undertaking an in-depth legal analysis of the terms of this potential future agreement in order to ensure compliance and adhere to all applicable laws and regulations.
Chief Executive Officer and Chief Financial Officer for Air France-KLM, Frédéric Gagey said, “The deepening of our cooperation with Air Europa through a joint venture will provide a strong foundation for us to work even closer together in order to enhance our offer on routes between Europe and Central / South America. We are striving to even increase and improve our current leading role in these markets and offer our joint customers more benefits together with our long-term partner Air Europa.”
Globalia Chief Executive Officer, Javier Hidalgo had this to say on the future partnership, “We are proud to be strengthening and expanding the successful relations we have with Air France-KLM and to be working together as part of the new cooperation project between Europe and Central and South America. We are convinced that this new alliance will provide great benefits for both airlines as well as considerable advantages for our customers.”