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Air France-KLM seals 'enhanced' deal with Jet Airways

30 Novembre, 2017, 12:59 | Auteur: Auguste Feret
  • Jet Airways Air France-KLM announce tie-up on routes

Jet Airways passengers will be able to book a single ticket for a trip to the USA and Europe, and fly Delta, Air France-KLM or Virgin Atlantic for different legs of the journey, under the agreement. The agreement involves sharing revenue on India- Europe routes on metal neutrality basis. It has 21 code share and 107 interline partners and about 15 per cent of the carrier's passenger feed comes from partners.

In 12 months until September, over 58 million passengers flew to and from India, and almost half of them travelled via hubs outside India.

Jet Airtways said it has signed a new agreement with Europe-based Air France-KLM that will increase the coverage and capacity of its existing agreement with the airline. There are 70-80 lakh Indians in the Gulf. While Spicejet official said that Spicejet is "too small" to put a buyout offer for Air India, Jet Airways official confirmed the development stating that the talks are on and more details will be known once the terms are disclosed. Goyal said he is committed to the relationship with Etihad, making a reference to the Hindu marriage tradition of ' saat phere' where a couple takes a vow in presence of a sacred fire.

The Gulf will continue to be an important market and Jet will not reduce its operations there, Naresh Goyal, chairman of Jet, told reporters alongside Jean-Marc Janaillac, Air France-KLM's chairman.

The extended agreement will create a combined network covering 106 destinations in Europe and 44 Indian cities.

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Air France-KLM and Delta Air Lines have a transatlantic partnership between Europe and North America that covers more than 200 destinations in North America.

Jet Airways, which was the first local airline to get investment from a foreign carrier, posted its first annual profit in seven years in the 12 months ended March 2016, mainly because of a drop in oil prices.

Jet's CEO Vinay Dube said the partnership with two European airlines will result in increased sales in Europe without having to depute its own sales force. The latest deal will help the airline boost revenue by $1 billion, he said without elaborating.

Goyal said the airlines will also explore the joint purchase of aviation turbine fuel and co-operation in engineering and maintenance.

"In addition to the airlines' enhanced cooperation agreement, Air France KLM Cargo and Jet Airways Cargo have also signed a Memorandum of Understanding (MoU) which aims to strengthen their cooperation in the cargo sector".

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