Alitalia's board clears alliance with Delta and Air France

Article Abstract:

The board of Alitalia has approved the carrier's planned alliance with Delta Air Lines and Air France. The alliance will provide Alitalia with major financial savings.

DAL, Air France Group

---

Alitalia, KLM will sign accord; British Airways to buy City Flyer

Article Abstract:

KLM Royal Dutch Airlines and Alitalia will sign an agreement to combine ticketing, marketing and other activities. An Alitalia spokesman said that the alliance will increase its revenues by $400 million a year. Northwest Airlines, which has been associated with KLM, also expects to benefit from the agreement since it will give Northwest access to the new Malpensa Airport near Milan which has room for expansion. Pending approval by the United Kingdom trade secretary, British Airways will acquire the regional carrier CityFlyer Express.

United Kingdom, Asset sales & divestitures, Acquisitions & mergers, Netherlands, Forecasts, trends, outlooks, Mergers, acquisitions and divestments, Forecasts and trends, Abstract, British Airways PLC, KLM Royal Dutch Airlines, Northwest Airlines Inc., KLM, CityFlyer Express

---

Air France-Delta Alliance gets off the ground; antitrust issues could cause turbulence for partnership

Article Abstract:

Air France and Delta Air Lines officially announced their partnership on Jun 22, 1999, but continue to face antitrust issues. Air France CEO Jean-Cyril Spineetta says Delta and Air France hope to establish a brand name by the end of 1999, and are seeking to line up additional partners in Asia, especially. Air France and Delta expect the partnership to generate an additional operating profit of $100 million/year for each airline. The two companies together would control 20% of air traffic in the North Atlantic, and have yet to receive antitrust immunity permits from their governments allowing them to work as a single entity.

Alliances, partnerships, Air France KLM S.A.

Similar abstracts:

• Abstracts: Acer halts spin-off plans; software division needs to mature, firm says. Acer shutters 17 plants
• Abstracts: Telecom Italia Mobile gets 2 licenses to provide cellular service in Brazil. Verizon Wireless agrees to buy NextWave Spectrum licenses
• Abstracts: Granada seeks alliances as part of expansion goal for Europe. Carlton nears deal on purchase of Screenvision
• Abstracts: Microsoft faces EU fines, imposition of sales rules: failure to reach an accord in Windows antitrust case poses huge possible hurdle
• Abstracts: Telecom Italia approaches sale of stake in Retevison parent. BP takes control of Veba Oil, boosting presence in Germany

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.