Delta, Korean Air finalise JV agreement
Delta Air Lines and Korean Air have finalised their agreement to from an antitrust-immunised transpacific joint venture in which the SkyTeam carriers will share costs and revenue on flights between the US and South Korea. The agreement follows an earlier MOU between the two airlines to form a JV, which is subject to regulatory approvals. The JV will include expanded codesharing in the transpacific market; joint sales and marketing initiatives in Asia and the US; the co-location of facilities at key hubs; allowing each carrier’s passengers to earn frequent flyer benefits on the other; and increased cargo cooperation. The two airlines said they will begin laying the groundwork to launch the JV. The carriers’ combined network reaches 290 destinations in the Americas and more than 80 in Asia. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-06-27/sky/delta-korean-air-finalise-jv-agreement
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Delta, Korean Air finalise JV agreement
Delta Air Lines and Korean Air have finalised their agreement to from an antitrust-immunised transpacific joint venture in which the SkyTeam carriers will share costs and revenue on flights between the US and South Korea. The agreement follows an earlier MOU between the two airlines to form a JV, which is subject to regulatory approvals. The JV will include expanded codesharing in the transpacific market; joint sales and marketing initiatives in Asia and the US; the co-location of facilities at key hubs; allowing each carrier’s passengers to earn frequent flyer benefits on the other; and increased cargo cooperation. The two airlines said they will begin laying the groundwork to launch the JV. The carriers’ combined network reaches 290 destinations in the Americas and more than 80 in Asia. <br/>
