Virgin Atlantic expands its transatlantic joint venture to Air France-KLM

Eleanor Steed
By Eleanor Steed August 1, 2017 14:45

Virgin Atlantic expands its transatlantic joint venture to Air France-KLM

Last week, Virgin Atlantic announced that it has expanded its transatlantic Joint Venture with Delta Airlines, which launched in 2014, with the inclusion of Air France and KLM.

This new partnership will enable Virgin Atlantic to offer 300 daily non-stop flights from 28 UK and European destinations to 32 North American destinations and connect to 250 destinations within North America on Delta.

To solidify this partnership, Air France-KLM announced its intent to purchase 31% of Virgin Atlantic from the Virgin Group for £220 million in cash. The expanded Joint Venture and the Air France KLM investment in Virgin Atlantic are subject to definitive agreements, board and regulatory approvals, which are expected to conclude by the beginning of 2019 or earlier.

Image: Airbus
Eleanor Steed
By Eleanor Steed August 1, 2017 14:45