Friday, 9 May 2014

Lufthansa pursues joint venture with Air China

Lufthansa and Air China are in talks that could lead the German and Chinese carriers to forming a revenue-sharing joint venture similar to those that Lufthansa has with United Airlines, Air Canada and All Nippon Airways.
The joint venture, if agreed, would deepen the relationship that Lufthansa already has with fellow Star Alliance partner Air China.
Lufthansa Group CFO Simone Menne confirmed the talks during the release of the Group’s 2014 first quarter financials this week. She did not give any details or timelines.
Lufthansa’s transatlantic JV with United and Air Canada and its Japan JV with ANA provide important boosts to those markets and a similar arrangement with Air China could do the same for the fast-growing China market.

0 comments:

Post a Comment